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Bank of America to Open Advisors' "Recommended Allocation" Channel for Crypto Assets
According to Jinse Finance, Reuters reports that Bank of America has announced that starting January 5, 2026, wealth advisors at its Private Bank, Merrill, and Merrill Edge divisions will be able to recommend crypto asset-related ETPs/ETFs to clients, with no minimum account asset requirement. Previously, only clients meeting certain asset thresholds could access Bitcoin ETFs from early 2024, and this move upgrades from merely “executing client instructions” to “offering allocation advice.”