Bank of America is making one of its biggest moves into crypto yet. Beginning in January, the bank will let its wealth advisers recommend putting 1% to 4% of a client’s portfolio into digital assets, mainly through spot Bitcoin ETFs.
Until now, Bank of America allowed clients to buy crypto on their own but did not let advisers suggest it. This policy change opens the door for more than 15,000 advisers to include crypto in investment plans for eligible customers.
The bank’s wealth and private banking division, which manages more than $2 trillion, will begin offering formal research and guidance on four spot Bitcoin ETFs starting January 5, 2026. These ETFs include:
Bank of America’s Chief Investment Officer, Chris Hyzy, said that a small allocation to digital assets may be suitable for investors who are comfortable with higher volatility and want exposure to new technology trends. He noted that the recommended range of 1%–4% is designed to be “modest” and focused on regulated products.
This decision comes shortly after Vanguard opened access to crypto ETFs for its brokerage clients, adding pressure on other major financial firms like Wells Fargo and Goldman Sachs to expand their own crypto offerings. With Morgan Stanley already recommending 2%–4% and Fidelity allowing up to 5%, Wall Street is clearly shifting toward adopting Bitcoin as a legitimate part of a diversified portfolio.
Many in the crypto community see this as a historic moment. With Bank of America now joining BlackRock, Fidelity, and other major players, Bitcoin is becoming more widely accepted in traditional finance than ever before.
Bitcoin is trading around $91,000 and has gained more than 8% in the last 24 hours.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
XRP’s recent price fall has worried many investors, but fresh chart analysis hints the move…
Bitcoin is at a crucial stage on the higher time frame charts. The broader structure…
The crypto market is facing a major sell-off today, with total market value dropping to…
February 1, 2026 09:22:15 UTC Crypto Missing From India’s Union Budget 2026 Speech India’s Union…
The market has been shaky for months. The recent crypto crash has pushed many prices…
If you invest in crypto, you need to track Bitcoin closely because Bitcoin drives the…
