Bank of America to Open Advisors’ “Recommendation” Channel for Crypto Assets
According to Reuters, Bank of America 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 qualified clients with sufficient assets could access Bitcoin ETFs starting early 2024, and the service was limited to “executing client orders.” This move upgrades the service to “providing allocation advice.”
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Bank of America to Open Advisors’ “Recommendation” Channel for Crypto Assets
According to Reuters, Bank of America 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 qualified clients with sufficient assets could access Bitcoin ETFs starting early 2024, and the service was limited to “executing client orders.” This move upgrades the service to “providing allocation advice.”