Bank of America Opens Door to Crypto Investments Through ETFs

Bank of America is taking a major step towards increased crypto adoption, approving allocations for Bitcoin ETFs starting in 2026. Wealth management advisors will now be authorized to recommend up to 4% of client portfolios in these regulated funds, marking a significant shift from the bank’s previous stance. This allows approximately 15,000 advisors to offer clients exposure to Bitcoin without the complexities of direct ownership.