Crypto Gets the Green Light. Bank Of America Pushes 1–4% Allocation for Wealthy Investors

Bank of America Allows up to 4% Spot Bitcoin ETF Allocations

Bank of America has approved a framework allowing wealth advisers across its U.S. platforms to proactively recommend certain spot Bitcoin exchange-traded funds.According to guidance from the bank’s chief investment office (CIO), advisers at Merrill, the Bank of America Private Bank, and Merrill Edge are now permitted to recommend select spot Bitcoin exchange-traded funds. The approved products include four U.S.-listed spot Bitcoin ETFs: BlackRoc…

Bank of America Says Own Bitcoin, Markets Respond With Silence

Bank of America now recommends 1%–4% crypto exposure for clients. The bank will cover major Bitcoin ETFs starting January 5. Bitcoin price stayed near $92,000 despite the major institutional news. Bank of America has officially started recommending that its clients invest 1% to 4% of their portfolios in Bitcoin and crypto. This is a huge change. The bank manages over $3 trillion in assets and serves 66 million clients worldwide.  JUST IN: Bank …

Bank of America Joins JPMorgan, Citi, Morgan Stanley By Recommending Bitcoin Portfolio Allocation - Bank of America (NYSE:BAC)

Bank of America Corp. (NYSE:BAC) will allow more than 15,000 Merrill and Private Bank advisers to proactively recommend four spot Bitcoin (CRYPTO: BTC) ETFs starting Jan. 5, formally opening Bitcoin access across its wealth platform. Big Four Banks Now All Offer Bitcoin Access Bank of America joins JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), and Morgan Stanley (NYSE:MS) in opening institutional Bitcoin access to wealth clients, mar…

Bank of America to let advisers pitch Bitcoin ETFs starting today

Bank of America's shift to endorse Bitcoin ETFs may increase mainstream crypto adoption, influencing broader financial market dynamics. The post Bank of America to let advisers pitch Bitcoin ETFs starting today appeared first on Crypto Briefing.

Bank of America Now Allows Advisers to Recommend Bitcoin Starting Today

Bank of America Expands Crypto Offerings for U.S. Wealth Clients Bank of America is integrating cryptocurrency more thoroughly into its wealth management services across the United States. Starting Monday, financial advisers at Merrill, the Bank of America Private Bank, and Merrill Edge can now recommend spot Bitcoin exchange-traded funds (ETFs) to a broader client base, signaling a significant shift towards institutional acceptance of digital a…