Bank of America Recommends Small Bitcoin Allocation in Wealth Management

Major financial institutions are increasingly embracing regulated exposure to Bitcoin as a sign of growing institutional confidence in digital assets. Bank of America, the second-largest US bank with over $2.67 trillion in assets, is recommending a conservative 1-4% allocation for its wealth management clients, emphasizing ETFs and other compliant products. This move comes as other major firms like Vanguard and Fidelity are also adopting similar modest allocations, signaling a consensus among institutional investors.