Bank of America to let advisers pitch Bitcoin ETFs starting today
Crypto Briefing
Bank of America will permit its wealth advisers to recommend four eligible Bitcoin ETFs starting today.Summary
Bank of America is now allowing its wealth advisers to pitch Bitcoin Exchange-Traded Funds (ETFs) to clients, effective immediately. The eligible ETFs include those managed by BlackRock, Fidelity, Bitwise, and Grayscale. This decision marks a significant shift from the bank's previously conservative stance on digital assets. Furthermore, Bank of America endorses a 1% to 4% allocation to digital assets for eligible clients across its Merrill, Bank of America Private Bank, and Merrill Edge platforms. This expansion of access to Bitcoin ETFs through a major financial institution is expected to potentially attract new investors and increase overall market demand.
(Source：Crypto Briefing)