Catenaa, Thursday, December 04, 2025- Bank of America will open access to four spot bitcoin exchange traded funds beginning January 5 and is advising a 1 to 4 percent digital asset allocation for wealth clients. The move covers Merrill, Bank of America Private Bank and Merrill Edge platforms.
The bank did not allow advisers to recommend bitcoin products in past years. The new stance comes as large firms shift toward regulated investment paths tied to crypto assets. Clients will be able to buy the Bitwise Bitcoin ETF, Fidelity Wise Origin Bitcoin Fund, Grayscale Bitcoin Mini Trust and BlackRock iShares Bitcoin Trust.
Bank of America executives said the recommendation targets investors who understand price swings. The guidance centers on products that meet standards for custody and reporting. The bank did not release details on any future crypto offerings.
The policy shift follows action from other major firms. Vanguard recently opened bitcoin ETF trading after blocking access. BlackRock told clients last year that a 2 percent bitcoin stake shows risk levels similar to large tech stocks. Fidelity suggested a 2 to 5 percent range. Morgan Stanley has published a 2 to 4 percent outlook for advisers.
Bank of America holds $2.67 trillion in assets and more than 3,600 branches across the United States. The bank said ETF access allows clients to gain exposure through regulated channels rather than direct ownership.
