Bank of America has announced a new policy allowing its wealth management advisors to recommend allocating 1% to 4% of client portfolios in regulated Bitcoin ETFs, effective January 5, 2026. This decision reflects increasing client demand and aligns with industry trends, facilitating institutional participation in cryptocurrency without direct asset custody.
The policy will apply to ETFs such as the Bitwise Bitcoin ETF and Fidelity FBTC, impacting around 15,000 wealth advisors. This move is expected to enhance the bank's ability to offer diversified investment options while adhering to regulatory standards.
Bank of America Permits 1%-4% Crypto ETF Allocations for 2026
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