Derived from CoinPaper, Bank of America has authorized its wealth management advisors to recommend bitcoin investments to eligible clients, effective January 2026. The policy applies to both Merrill Lynch and the Private Bank division, allowing advisors to suggest allocations of 1% to 4% of client portfolios to digital assets. Previously, advisors were prohibited from initiating or recommending cryptocurrency exposure. The new guidelines direct advisors toward four approved spot bitcoin ETFs: BlackRock's iShares Bitcoin Trust, Fidelity's Wise Origin Bitcoin Fund, Bitwise's Bitcoin ETF, and Grayscale's Bitcoin Trust. This shift follows Vanguard's recent decision to permit trading of cryptocurrency ETFs and reflects growing institutional acceptance of digital assets.
Bank of America to Allow Bitcoin ETF Recommendations for Wealth Clients Starting 2026
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