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Bank of America suggests wealth management clients allocate 1%-4% of their portfolio to Crypto Assets.
According to a report by Yahoo Finance on December 2, Deep Tide TechFlow announced that Bank of America has advised its wealth management clients to consider allocating cryptocurrency in their portfolios. The bank recommends that clients of Merrill, Bank of America Private Bank, and Merrill Edge platform allocate 1%-4% of their assets to digital assets.
Starting from January 5th next year, the bank's investment strategists will begin to cover four Bitcoin ETFs, including Bitwise Bitcoin ETF (BITB), Fidelity Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Mini Trust (BTC), and BlackRock iShares Bitcoin Trust (IBIT).