Bank of America announced that its wealth management clients should consider allocating cryptocurrency in their portfolios. The bank recommends that clients of Merrill, Bank of America Private Bank, and Merrill Edge allocate 1%-4% of their assets to digital assets. Starting January 5th of next year, the bank's investment strategists will begin covering four Bitcoin ETFs, including Bitwise Bitcoin ETF (BITB), Fidelity Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Mini Trust (BTC), and BlackRock iShares Bitcoin Trust (IBIT).
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Bank of America announced that its wealth management clients should consider allocating cryptocurrency in their portfolios. The bank recommends that clients of Merrill, Bank of America Private Bank, and Merrill Edge allocate 1%-4% of their assets to digital assets. Starting January 5th of next year, the bank's investment strategists will begin covering four Bitcoin ETFs, including Bitwise Bitcoin ETF (BITB), Fidelity Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Mini Trust (BTC), and BlackRock iShares Bitcoin Trust (IBIT).