BlockBeats News, December 2nd, according to CoinDesk’s report, one of the major U.S. financial institutions, Bank of America, has become the latest Wall Street giant to adopt a positive stance on Bitcoin.
Starting from January next year, the bank’s wealth management advisors will be allowed to recommend that clients allocate 1%–4% of their assets to cryptocurrency. Initially, the Bank of America/Merrill Lynch team will focus on four physical Bitcoin ETFs—BlackRock’s IBIT, Fidelity’s FBTC, Bitwise’s BITW, and Grayscale’s BTC.
