Bank of America Embraces Crypto Integration with Bitcoin ETF Guidance

Bank of America is taking a significant step towards mainstream cryptocurrency integration, advising select wealth management clients to allocate 1% to 4% of their portfolios to digital assets. This guidance applies to customers using Merrill, Bank of America Private Bank, and Merrill Edge platforms, representing a cautious but deliberate transition toward regulated crypto exposure. The firm’s strategy emphasizes the use of regulated investment vehicles like Bitcoin ETFs for investors who are comfortable with innovation-driven sectors and can handle potential market volatility.