Bank of America Embraces Crypto: A New Era for Wealth Management
Update: 2025-12-03
Description
Bank of Americas wealth management division recommends a crypto allocation of up to four percent for clients, marking a significant shift in traditional financial giants view of cryptocurrencies. This move follows Vanguards expansion of access to spot Bitcoin, Ethereum, and XRP ETFs. The market has reacted positively, with Bitcoin nearing ninety-three thousand dollars and other major cryptocurrencies jumping by nine to ten percent. This recommendation is expected to drive upfront portfolio rebalancing and ongoing investment into the crypto market, potentially becoming a standard practice across the financial industry.
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