Bank Of America Opens Up All Client Portfolios To Crypto Investments
Topline
Bank of America is recommending its wealth management clients allocate up to 4% of their portfolios to cryptocurrency assets, marketing digital assets available to its 70 million clients and marking the latest push by digital assets into mainstream financial institutions.
NEW YORK – APRIL 21: A Bank of America billboard dominates a street corner in Times Square on April 21, 2009 in New York City. Bank of America announced yesterday that it earned $4.2 billion in the first quarter. (Photo by Spencer Platt/Getty Images)
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Key Facts
Previously, only the bank’s wealthiest clients could get any cryptocurrency exposure, upon request to their portfolio managers, Yahoo Finance reported.
