Bank of America Allows up to 4% Spot Bitcoin ETF Allocations
Bank of America has approved a framework allowing wealth advisers across its U.S. platforms to proactively recommend certain spot Bitcoin exchange-traded funds. According to guidance from the bank’s chief investment office (CIO), advisers at Merrill, the Bank of America Private Bank, and Merrill Edge are now permitted to recommend select spot Bitcoin exchange-traded funds. The...
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