Which bank recommended crypto allocation?

TLDR

Bank of America recommended a crypto allocation.

1. Bank of America suggests allocating 1% to 4% of portfolios to digital assets for wealth clients per a report.
2. Implementation includes covering four spot Bitcoin ETFs starting Jan 5, per a market update.

Deep Dive

1. Allocation Range

Bank of Americas wealth division recommends a 1% to 4% crypto allocation, tailored to client risk tolerance. This guidance was detailed by its Private Bank CIO and applies across Merrill, Private Bank, and Merrill Edge platforms per a Yahoo Finance article.

• The lower end fits conservative profiles, while higher allocations suit clients comfortable with volatility, per the same report.

2. Access via ETFs

The bank will support advisors and begin formal coverage of four spot Bitcoin ETFs from Bitwise, Fidelity, Grayscale, and BlackRock starting Jan 5%%CKPROTECTED2%%, per a market update.

• The focus is on regulated vehicles, enabling advisors to recommend exposure as part of model portfolios, per the update above.

3. Peers and Context

Other institutions have issued similar guidance recently: Fidelitys frameworks cite 2% to 5% with more for younger investors, and Morgan Stanley suggested 2% to 4%, as referenced in a newsletter recap and the market update above.

• This signals a broader shift toward mainstream portfolio inclusion under controlled risk budgets, per the recap.

Conclusion

Bank of Americas 1% to 4% recommendation formalizes crypto as a small, risk?aware sleeve in mainstream wealth portfolios, with ETF coverage making access cleaner. The convergence of guidance across major firms reinforces a measured, volatility?sensitive approach rather than outsized bets.