Starting today, Bank of America is allowing its financial advisors to recommend asset allocations of up to 4% in Bitcoin to clients.
Bank of America, which manages $1.7 trillion in assets, has officially begun allowing its wealth management advisors to recommend up to a 4% allocation to Bitcoin to clients, effective today.The market widely views this move as a further shift in mainstream financial institutions’ attitude toward Bitcoin, with 2026 potentially becoming a pivotal year for crypto assets. As previously reported by BlockBeats, on December 2, Bank of America became the latest Wall Street giant to adopt an open stance toward Bitcoin.Starting next January, the bank’s wealth management advisors will be permitted to recommend that clients allocate 1%–4% of their assets to cryptocurrencies. Initially, the Bank of America/Merrill Lynch team will focus on four spot Bitcoin ETFs—BlackRock’s IBIT, Fidelity’s FBTC, Bitwise’s BITB, and Grayscale’s BTC.
Source:富途快讯 · Source Link
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