Bank of America has authorized its wealth advisers to recommend Bitcoin exchange-traded products (ETPs) with allocations ranging from 1% to 4% for clients who can tolerate volatility. This move, effective January 5, 2026, marks a significant shift in mainstream financial advisory, allowing advisers from Merrill, Bank of America Private Bank, and Merrill Edge to include regulated crypto products in client portfolios.
The initial offerings include four Bitcoin ETPs: Bitwise Bitcoin ETF, Grayscale’s Bitcoin Mini Trust, Fidelity’s Wise Origin Bitcoin Fund, and BlackRock’s iShares Bitcoin Trust. Advisers will receive training and guidance to facilitate this integration. With Bank of America's wealth management business managing approximately $4.6 trillion in assets, even a small allocation could lead to substantial inflows into Bitcoin, potentially impacting market dynamics.
This development comes as Bitcoin remains volatile, trading around $92,000 after reaching an all-time high above $126,000 in October 2025. The move underscores Bitcoin's growing acceptance in traditional finance, despite its inherent risks and market fluctuations.
Bank of America Advisers Authorized to Recommend Bitcoin Allocations
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