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Bank of America Greenlights Wealth
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Bank of America Greenlights Wealth
Bank of America Greenlights Wealth Advisers to Recommend Up to 4% Bitcoin Allocation
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Bank of America Greenlights Wealth Advisers to Recommend Up to 4% Bitcoin Allocation
The news comes just hours after longtime crypto holdout, asset management giant Vanguard, said it would allow its clientele access to digital asset ETFs.
By Olivier Acuna|Edited by Stephen Alpher
Updated Dec 2, 2025, 2:49 p.m. Published Dec 2, 2025, 2:16 p.m.
What to know:
- Bank of America will allow its wealth management advisers to recommend a 1%-4% allocation to crypto assets, starting in January.
- The bank's advisors will initially focus on four spot bitcoin ETFs, including BlackRock's IBIT and Fidelity's FBTC.
- This move aligns Bank of America with other major institutions like BlackRock and Morgan Stanley, increasing pressure on holdouts such as Wells Fargo and Goldman Sachs.
Bank of America, one of the U.S.’s largest financial institutions, has become the latest Wall Street giant to warm up to bitcoin BTC$90,619.09.
Beginning in January, the bank's wealth management advisers will be allowed to recommend a 1%-4% allocation to crypto assets, according to Yahoo Finance. Initially, the BofA/Merrill Lynch thundering herd will focus on four spot bitcoin ETFs — BlackRock's IBIT, Fidelity's FBTC, Bitwise's BITB and Grayscale's BTC.
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It's a major change for the bank, which previously allowed its clientele to invest as they wish, but did not allow its advisors to recommend crypto exposure.
The news comes just hours after asset management titan Vanguard reversed its long-standing policy and will now allow its clients access to crypto ETFs. The move also brings BofA in line with the wealth management platforms of other major institutions like BlackRock and Morgan Stanley.
The action also likely ups the pressure on the dwindling number of holdouts, Wells Fargo, Goldman Sachs and UBS among them.
"For investors with a strong interest in thematic innovation and comfort with elevated volatility, a modest allocation of 1% to 4% in digital assets could be appropriate," Chris Hyzy, chief investment officer at Bank of America Private Bank, said in a statement. "The lower end of this range may be more appropriate for those with a conservative risk profile, while the higher end may suit investors with greater tolerance for overall portfolio risk," Hyzy added.
Bank of AmericaCryptocrypto portfolio
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The post CME Group to launch options on XRP and SOL futures appeared on BitcoinEthereumNews.com. CME Group will offer options based on the derivative markets on Solana (SOL) and XRP. The new markets will open on October 13, after regulatory approval. CME Group will expand its crypto products with options on the futures markets of Solana (SOL) and XRP. The futures market will start on October 13, after regulatory review and approval. The options will allow the trading of MicroSol, XRP, and MicroXRP futures, with expiry dates available every business day, monthly, and quarterly. The new products will be added to the existing BTC and ETH options markets. ‘The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures,’ said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. The options contracts will have two main sizes, tracking the futures contracts. The new market will be suitable for sophisticated institutional traders, as well as active individual traders. The addition of options markets singles out XRP and SOL as liquid enough to offer the potential to bet on a market direction. The options on futures arrive a few months after the launch of SOL futures. Both SOL and XRP had peak volumes in August, though XRP activity has slowed down in September. XRP and SOL options to tap both institutions and active traders Crypto options are one of the indicators of market attitudes, with XRP and SOL receiving a new way to gauge sentiment. The contracts will be supported by the Cumberland team. ‘As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group’s continued expansion of crypto offerings,’ said Roman Makarov, Head of Cumberland Options Trading at DRW. ‘The launch of options on Solana and XRP futures is the latest example of the…
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