Bank of America wealth units to let advisers recommend Bitcoin ETPs with a 1%–4% allocation from January 5, 2026

On January 5, 2026, Bank of America's Merrill, Private Bank, and Merrill Edge platforms will begin allowing advisers to recommend Bitcoin-focused exchange-traded products with an internally framed "modest" 1%–4% allocation for suitable clients. The move channels part of the bank's roughly $4.6 trillion in managed wealth into regulated crypto access, potentially directing billions into Bitcoin over time while explicitly acknowledging the asset's volatility and macro sensitivity.