Bank of America is now giving the green light to four spot Bitcoin ETFs for its wealth management division. The major institution has approved BlackRock's IBIT and Fidelity's FBTC for its advisers to recommend to clients—a significant validation from one of America's biggest banks.

What's interesting here is how they're positioning it: not as a major holding, but as a measured portfolio allocation. We're talking 1% to 4% for clients deemed suitable. It's conservative positioning, sure, but that's exactly how institutional adoption typically plays out. You don't go all-in; you test the waters, build confidence, scale gradually.

This move matters because it signals that legacy financial players are finally treating Bitcoin ETFs as legitimate instruments, not fringe assets. When institutions like BofA start formally recommending crypto allocations to wealth clients, it reshapes the narrative around digital assets in mainstream finance.