According to Reuters, Bank of America announced that starting January 5, 2026, wealth advisors at its Private Bank, Merrill, and Merrill Edge divisions can recommend crypto asset-related ETPs/ETFs to clients, with no minimum account asset requirement. Previously, only qualified clients with sufficient assets could access Bitcoin ETFs starting early 2024. This move upgrades the service from merely "executing client instructions" to "providing allocation advice."
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According to Reuters, Bank of America announced that starting January 5, 2026, wealth advisors at its Private Bank, Merrill, and Merrill Edge divisions can recommend crypto asset-related ETPs/ETFs to clients, with no minimum account asset requirement. Previously, only qualified clients with sufficient assets could access Bitcoin ETFs starting early 2024. This move upgrades the service from merely "executing client instructions" to "providing allocation advice."