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Bank of America Brings Bitcoin Into Mainstream Wealth Advice
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Bank of America is taking a major step toward normalizing crypto in traditional finance by allowing its U.S. wealth advisers to proactively recommend spot Bitcoin ETFs. Advisers across Merrill, the Bank of America Private Bank, and Merrill Edge can now include Bitcoin exposure in portfolio discussions rather than waiting for client-initiated requests.
The bank’s chief investment office has approved four spot Bitcoin ETFs—offered by BlackRock, Fidelity, Grayscale, and Bitwise—signaling that Bitcoin is moving from the margins into standard asset allocation conversations for suitable clients.
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Will be wild
