Bank of America Embraces Cryptocurrency: Introducing New Portfolio Strategy

Bank of America is taking a significant step into the world of cryptocurrencies by encouraging its wealth management clients to allocate a small percentage of their portfolios towards digital assets. Starting in January, the bank will offer a recommendation for a 1% to 4% allocation for investors using its Merrill, Bank of America Private Bank, and Merrill Edge platforms. This move comes as part of an official integration of four distinct Bitcoin ETFs into the bank’s investment strategy, set to launch on January 5th.