One of the largest banks in the USA — Bank of America (BoA) — recommends its institutional clients allocate 1% to 4% of their portfolios to digital assets. This was reported by Yahoo Finance, citing a statement from the organization's CIO, Chris Haiz.
"For investors showing great interest in thematic innovations and willing to endure increased volatility, it may be advisable to invest 1-4% in cryptocurrencies," said the top manager.
This opportunity will be provided to clients by the Merrill platform, Bank of America Private Bank, and Merrill Edge. The new asset class is intended to be offered in the form of ETFs.
Starting January 5, 2026, the bank's product lineup will include Bitwise Bitcoin ETF (BITB), Wise Origin Bitcoin Fund from Fidelity (FBTC), Bitcoin Mini Trust from Grayscale (BTC), and iShares Bitcoin Trust from BlackRock (IBIT).
Previously, investors could not access cryptocurrencies as advisors were prohibited from recommending such instruments.
"This update reflects the growing client demand for access to digital assets," added Nancy Fahmy, head of investment solutions group at BoA.
According to Forbes, Bank of America is the second largest bank in the US with consolidated assets of about $2.67 trillion and has more than 3600 branches.
Recall that on December 2, the world's second-largest asset management company, Vanguard Group, opened access to trading in ETFs and mutual funds based on cryptocurrencies.
