Does BAC’s New 1%–4% Crypto Allocation Shift Change the Bull Case for Bank of America (BAC)?
- In recent days, Bank of America has shifted its wealth management stance by allowing advisers to recommend a 1%–4% portfolio allocation to digital assets and beginning research coverage of several spot bitcoin ETFs, reversing its previous prohibition on crypto advice.
- This policy change positions the bank more directly in the growing market for regulated crypto exposure, aligning its wealth platform with evolving client demand and competitors’ digital asset offerings.
- With this new crypto allocation guidance now in place, we’ll examine how expanding bitcoin ETF coverage could influence Bank of America’s investment narrative.
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