Bank of America Recommends Crypto Inclusion for Portfolios

Bank of America (BofA) is encouraging its wealth management clients to consider allocating a small percentage of their portfolios to digital assets, advising 1% to 4% for those using its Merrill, Bank of America Private Bank, and Merrill Edge services. This follows the bank’s decision to start analyzing four Bitcoin ETFs at the beginning of the new year. BofA acknowledges that these allocations could be suitable for risk-averse investors while also offering potential rewards for those comfortable with volatility.