Bank of America recommends its wealth management clients to allocate 1%–4% of their assets to encryption.

PANews, December 2 - According to Yahoo Finance, Bank of America (BAC) has stated that its wealth management clients should start considering allocating a certain percentage of cryptocurrency in their portfolios. The institution recommends that its Merrill, Bank of America Private Bank, and Merrill Edge platform clients allocate 1%-4% of their funds to digital assets. Its investment strategists will begin focusing on four Bitcoin ETFs (BITB, FBTC, Grayscale Mini Trust, IBIT) starting January 2026. Chris Hyzy, Chief Investment Officer of Bank of America Private Bank, stated in a statement: “For those who are highly interested in thematic innovation and can calmly accept high fluctuations, a moderate allocation of 1%-4% in the digital asset space may be appropriate. Our advice emphasizes the importance of choosing regulated investment vehicles, engaging in thoughtful asset allocation, 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 tolerance for overall portfolio risk, the upper end may be more appropriate.”