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Bank of America Joins JPMorgan, Citi, Morgan Stanley By Recommending Bitcoin Portfolio Allocation – Bank of America (NYSE:BAC)

Bank of America Corp. (NYSE:BAC) will allow more than 15,000 Merrill and Private Bank advisers to proactively recommend four spot Bitcoin (CRYPTO: BTC) ETFs starting Jan. 5, formally opening Bitcoin access across its wealth platform.

Big Four Banks Now All Offer Bitcoin Access

Bank of America joins JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), and Morgan Stanley (NYSE:MS) in opening institutional Bitcoin access to wealth clients, marking the final holdout among the Big Four U.S. banks.

JPMorgan has already pushed deeper into blockchain-linked products.

In November, the bank expanded its JPM Coin deposit token framework and later filed a structured product tied to BlackRock’s…

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