Bank of America Corporation (BAC) to Start Recommending Crypto Allocations
Bank of America Corporation (NYSE:BAC) is one of the Cheap NYSE Stocks to Buy Now. On December 4, Reuters reported that Bank of America Corporation (NYSE:BAC) is allowing its wealth advisers to recommend crypto allocations in client portfolios starting next month.
According to the report, since early 2024, specific clients with assets meeting certain predetermined thresholds have had access to bitcoin ETFs. However, now will also be able to advise crypto exchange-traded products without any asset class thresholds.
This move comes as the Trump administration is providing regulatory relief for asset classes. Chris Hyzy, Chief Investment Officer for Merrill and Bank of America Private Bank, noted, “for investors…
