PANews reported on December 2nd, citing Yahoo Finance, that Bank of America (BAC) has advised its wealth management clients to consider allocating a certain percentage of their portfolios to cryptocurrencies. The firm recommends that clients of its Merrill Lynch, Bank of America Private Bank, and Merrill Lynch Edge platform allocate 1%-4% of their funds to digital assets. Its investment strategists will begin monitoring four Bitcoin ETFs (BITB, FBTC, Grayscale Mini Trust, and IBIT) starting in January 2026. Chris Hyzy, Chief Investment Officer of Bank of America Private Bank, stated in a press release: “A moderate allocation of 1%-4% to digital assets may be appropriate for investors with a strong interest in thematic innovation and who can accept high volatility. Our recommendation emphasizes choosing regulated investment vehicles, making thoughtful asset allocations, and clearly understanding the opportunities and risks involved. For investors with a more conservative risk appetite, the lower end of this allocation range may be more suitable; while for investors with a higher overall portfolio risk tolerance, the upper end is more appropriate.”PANews reported on December 2nd, citing Yahoo Finance, that Bank of America (BAC) has advised its wealth management clients to consider allocating a certain percentage of their portfolios to cryptocurrencies. The firm recommends that clients of its Merrill Lynch, Bank of America Private Bank, and Merrill Lynch Edge platform allocate 1%-4% of their funds to digital assets. Its investment strategists will begin monitoring four Bitcoin ETFs (BITB, FBTC, Grayscale Mini Trust, and IBIT) starting in January 2026. Chris Hyzy, Chief Investment Officer of Bank of America Private Bank, stated in a press release: “A moderate allocation of 1%-4% to digital assets may be appropriate for investors with a strong interest in thematic innovation and who can accept high volatility. Our recommendation emphasizes choosing regulated investment vehicles, making thoughtful asset allocations, and clearly understanding the opportunities and risks involved. For investors with a more conservative risk appetite, the lower end of this allocation range may be more suitable; while for investors with a higher overall portfolio risk tolerance, the upper end is more appropriate.”
Bank of America recommends that its wealth management clients allocate 1%–4% to crypto assets.
PANews reported on December 2nd, citing Yahoo Finance, that Bank of America (BAC) has advised its wealth management clients to consider allocating a certain percentage of their portfolios to cryptocurrencies. The firm recommends that clients of its Merrill Lynch, Bank of America Private Bank, and Merrill Lynch Edge platform allocate 1%-4% of their funds to digital assets. Its investment strategists will begin monitoring four Bitcoin ETFs (BITB, FBTC, Grayscale Mini Trust, and IBIT) starting in January 2026. Chris Hyzy, Chief Investment Officer of Bank of America Private Bank, stated in a press release: “A moderate allocation of 1%-4% to digital assets may be appropriate for investors with a strong interest in thematic innovation and who can accept high volatility. Our recommendation emphasizes choosing regulated investment vehicles, making thoughtful asset allocations, and clearly understanding the opportunities and risks involved. For investors with a more conservative risk appetite, the lower end of this allocation range may be more suitable; while for investors with a higher overall portfolio risk tolerance, the upper end is more appropriate.”
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
BFX Presale Raises $7.5M as Solana Holds $243 and Avalanche Eyes $1B Treasury — Best Cryptos to Buy in 2025
BFX presale hits $7.5M with tokens at $0.024 and 30% bonus code BLOCK30, while Solana holds $243 and Avalanche builds a $1B treasury to attract institutions.
Share
Blockchainreporter2025/09/18 01:07
XAG/USD refreshes record high, around $61.00
The post XAG/USD refreshes record high, around $61.00 appeared on BitcoinEthereumNews.com. Silver (XAG/USD) enters a bullish consolidation phase during the Asian session and oscillates in a narrow range near the all-time peak, around the $61.00 neighborhood, touched this Wednesday. Meanwhile, the broader technical setup suggests that the path of least resistance for the white metal remains to the upside. The overnight breakout through the monthly trading range hurdle, around the $58.80-$58.85 region, was seen as a fresh trigger for the XAG/USD bulls. However, the Relative Strength Index (RSI) is flashing overbought conditions on 4-hour/daily charts, which, in turn, is holding back traders from placing fresh bullish bets. Hence, it will be prudent to wait for some near-term consolidation or a modest pullback before positioning for a further appreciating move. Meanwhile, any corrective slide below the $60.30-$60.20 immediate support could attract fresh buyers and find decent support near the $60.00 psychological mark. A convincing break below the said handle, however, might prompt some long-unwinding and drag the XAG/USD towards the trading range resistance breakpoint, around the $58.80-$58.85 region. The latter should act as a key pivotal point, which, if broken, could pave the way for further losses. On the flip side, momentum above the $61.00 mark will reaffirm the near-term constructive outlook and set the stage for an extension of the XAG/USD’s recent strong move up from the vicinity of mid-$45.00s, or late October swing low. Silver 4-hour chart Silver FAQs Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds,…
Share
BitcoinEthereumNews2025/12/10 10:20
Trading time: Tonight, the US GDP and the upcoming non-farm data will become the market focus. Institutions are bullish on BTC to $120,000 in the second quarter.
Daily market key data review and trend analysis, produced by PANews.
Share
PANews2025/04/30 13:50