Bank of America Recommends 1-4% Crypto Allocation for Clients, Opens Door to Bitcoin ETFs

Major financial institutions are increasingly accepting digital asset investment products as institutional interest grows. Bank of America’s latest move signals a shift in the industry’s perspective. The second-largest bank in the US has recommended a 1-4% allocation to its clients for cryptocurrency investments, which will be accessible through platforms like Merrill, Bank of America Private Bank and Merrill Edge starting January 5th. This follows a broader trend where institutions are prioritizing regulated products for their clients.