Bank of America Embraces Crypto: New Investment Opportunities

Bank of America, a leading financial institution, is now advising its wealth management clients to invest in digital assets like cryptocurrencies. Starting next year, clients can allocate up to four percent of their portfolios to these digital holdings. This shift comes after a period where clients could only access crypto products by special request. On January fifth, clients will also receive coverage of Bitcoin exchange-traded funds from several providers. Other financial giants like Vanguard are also embracing digital assets, signaling a growing mainstream integration of cryptocurrencies into investment strategies.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.