365Crypto
BoA Embraces Crypto for Wealth Clients
Bank of America now recommends a 1%–4% crypto allocation for wealth management clients. Platforms include Merrill, Bank of America Private Bank, and Merrill Edge. This marks a shift in institutional adoption.
Access to Bitcoin ETFs
Starting January 5, BoA clients can access four Bitcoin ETFs: Bitwise Bitcoin ETF (BITB), Fidelity’s Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Mini Trust (BTC), and BlackRock iShares Bitcoin Trust (IBIT). Previously, only select clients could invest.
Risk-Managed Guidance
BoA emphasizes regulated products, thoughtful allocation, and understanding risk. Chief Investment Officer Chris Hyzy notes small allocations suit investors comfortable with volatility and innovation.
Institutional Appetite Grows
BlackRock first recommended 2% Bitcoin allocations in 2024. Fidelity suggested 2%-5%, and Morgan Stanley recommended 2%-4%. Large institutions are creating a shared framework for modest, risk-managed crypto exposure.
Footing: ETF = Exchange-Traded Fund, a type of investment fund traded on stock exchanges.
