Bank of America recommends up to 4% crypto allocation for wealth portfolios
Crypto Briefing
Bank of America advises wealth management clients to allocate 1% to 4% of portfolios to digital assets.Summary
Bank of America has recommended that its wealth management clients consider allocating between 1% and 4% of their portfolios to digital assets using regulated investment vehicles, depending on their risk tolerance. The bank's investment strategists will begin offering research coverage on four Bitcoin ETFs from providers like Bitwise, Fidelity, Grayscale, and BlackRock starting in January, enabling its 15,000 advisers to formally recommend them. This move aligns with the broader trend of traditional finance institutions, including Morgan Stanley, embracing crypto as a potential thematic investment, viewing Bitcoin as "digital gold" and a maturing asset class.
(Source：Crypto Briefing)