According to ChainCatcher news, as reported by Yahoo Finance, Bank of America has 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 from January 5 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).
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bank of America advises wealth management clients to allocate 1% - 4% of their portfolios to Crypto Assets.
According to ChainCatcher news, as reported by Yahoo Finance, Bank of America has 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 from January 5 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).