Bank of America expands crypto access for wealth management clients

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Bank of America will allow its wealth management clients to invest in crypto through exchange-traded products, starting January 5, marking a significant milestone for the digital assets sector.

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Market impact analysis based on bullish sentiment with 74% confidence.

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Bullish
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74%

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Bank of America will begin allowing its wealth advisers to recommend allocations to crypto in client portfolios from ​next month, the U.S. lending giant said on Thursday, in ‌a landmark moment for the digital assets sector. Starting January 5, advisors at Bank of America ‌Private Bank, Merrill, and Merrill Edge will be able to suggest several crypto exchange-traded products (ETPs) clients, without any asset threshold. As U.S. President Donald Trump continues to push regulatory ‍relief for the asset class, crypto has been benefiting from widespread institutional adoption.

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