Bank of America is recommending several cryptocurrency exchange-traded funds to wealth clients starting Jan. 5, marking a shift in policy from offering digital asset investments only on request. This move comes in response to client demand, with a focus on Bitcoin and Ethereum initially.
Bank of America is offering guidance on BTC ETFs, with only four options available initially. The bank suggests a modest allocation of 1% to 4% in digital assets for investors interested in thematic innovation and comfortable with elevated volatility.
Wall Street is embracing cryptocurrencies as the Trump administration supports the industry, enacting a stablecoin bill and rolling back guidance that made it difficult for banks to interact with the industry. This growing adoption could drive billions of dollars in inflows into digital assets, boosting valuations.

Read more at Yahoo Finance: Bank of America Opens Access To Bitcoin ETFs