From Today, Bank of America Lets Advisers Recommend BTC

Starting Monday, Bank of America is integrating crypto into its US wealth business by enabling advisers across Merrill, the Bank of America Private Bank, and Merrill Edge to recommend spot Bitcoin exchange-traded funds (ETFs) to a wider range of clients. The bank's Chief Investment Office (CIO) has approved four major US-listed spot Bitcoin funds: BITB, FBTC, BTC (Grayscale Mini Trust), and IBIT. Previously, clients had to initiate requests for these products, but the new framework allows advisers to recommend these allocations proactively, supported by CIO research framing crypto as a 1%–4% sleeve for appropriate clients based on risk profile and jurisdiction. This move aims to integrate Bitcoin exposure into standard portfolio discussions for Bank of America's network of over 15,000 wealth advisers. Currently, the coverage is limited only to Bitcoin ETFs, with no public commitment yet on adding spot Ether ETFs.

(Source：Cointelegraph)