Bank of America is urging its wealth management clients to consider placing a small but deliberate slice of their portfolios into digital assets.

The bank now recommends a 1% to 4% crypto allocation, marking a significant shift in how one of the country’s largest financial institutions approaches Bitcoin exposure.

The guidance applies across Merrill, Bank of America Private Bank, and Merrill Edge, according to a Yahoo Finance report. 

It also unlocks crypto recommendations for more than 15,000 advisers who were previously restricted from initiating conversations about digital assets unless a client asked for it directly.

The change takes effect Jan. 5, when the…

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