Bank of America recommends that wealth management clients allocate 1%-4% of their portfolios to cryptocurrencies.

Jinse Finance reported that Bank of America has announced its wealth management clients should consider allocating cryptocurrencies in their portfolios. The bank recommends that clients of Merrill, Bank of America Private Bank, and Merrill Edge platforms allocate 1%-4% of their assets to digital assets. Starting from January 5 next year, the bank's investment strategists will begin covering four bitcoin ETFs, including Bitwise Bitcoin ETF (BITB), Fidelity Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Mini Trust (BTC), and BlackRock iShares Bitcoin Trust (IBIT).