Bank of America advises clients to invest in crypto
Starting January, clients can invest in four of the largest bitcoin ETFs, with total assets exceeding $94 billion, through Bank of America’s wealth management services.
Bank of America is expanding cryptocurrency access for its wealth management clients, recommending a 1–4% allocation of digital assets across portfolios. The move brings crypto exposure to a broader range of clients, beyond the bank’s previously ultra-wealthy clientele.
Starting January 5, the bank will cover four of the largest Bitcoin ETFs, including Bitwise Bitcoin ETF, Fidelity’s Wise Origin Bitcoin Fund, Grayscale’s Bitcoin Trust, and BlackRock’s iShares Bitcoin Trust, which collectively manage over $94 billion in…
