Bank of America allows customers to allocate 4% of their funds to cryptocurrencies, highlighting four spot Bitcoin ETFs

Bank of America, the second-largest commercial bank in the United States ((Bank of America, BoA)), has announced the inclusion of crypto assets in its standard investment portfolio, recommending clients allocate 1% to 4%, and has fully opened investment channels for spot Bitcoin ETFs. This policy reverses previous restrictions on the bank’s financial advisors and signifies that Wall Street institutions are driving crypto assets toward mainstream wealth management.

Bank of America allows clients to allocate 1% to 4% of their portfolio to crypto assets

In a statement released via Yahoo Finance, Bank of America announced that starting January 5, 2026, clients of Bank of America Private Bank and its subsidiary Merrill Edge ((Merrill Edge)) can allocate 1% to 4% of their portfolio to crypto assets.

Chris Hyzy, Chief Investment Officer of the Private Bank, stated that investment strategists will begin tracking four Bitcoin ETFs next year, including BlackRock IBIT, Fidelity FBTC, Bitwise BITB, and Grayscale Bitcoin Mini Trust ((BTC)):

For investors with a strong interest in innovative themes and the ability to tolerate higher volatility, a small allocation to digital assets is an appropriate choice, and our focus will first be on regulated and transparent products.

He noted that high-net-worth clients of Bank of America can now gain Bitcoin exposure through the bank’s more than 15,000 wealth management advisors via ETFs, rather than only being able to do so upon client request in the past.

(Morgan Stanley sets a 4% crypto allocation cap for portfolios, channeling tens of billions of Wall Street dollars)

Wall Street consensus emerges: Allocating to crypto becomes the new institutional norm

Bank of America’s new policy aligns with several other major financial institutions:

BlackRock ((BlackRock)): Recommends a 1% to 2% allocation to Bitcoin

Grayscale ((Grayscale)): Suggests an optimal allocation of about 5%

Fidelity ((Fidelity)): Recommends a 2% to 5% allocation, which can enhance overall portfolio returns in a bull market scenario

Morgan Stanley ((Morgan Stanley)): Opportunistic Growth ((Opportunistic Growth)) clients’ portfolios can allocate 2% to 4%

At the same time, crypto assets are being included in the portfolios of sovereign wealth funds around the world, including Norway, Luxembourg, and Abu Dhabi. These funds now have direct or indirect exposure to Bitcoin, establishing a strategic position in capital markets and potentially channeling tens or even hundreds of billions of dollars into the space.

(Deutsche Bank predicts: Bitcoin will be included in central bank reserves by 2030)

Crypto goes mainstream: The first year of Bitcoin ownership turnover

Yesterday, asset management giant Vanguard also allowed clients to trade certain spot crypto ETFs for the first time, moving away from its previous strong opposition to Bitcoin. JP Morgan and Standard Chartered have also expressed optimism about future trends, with bullish targets for Bitcoin reaching $170,000.

As Wall Street giants unite and market consensus forms, 2026 is shaping up to be a key turning point for crypto in terms of ownership structure, with large-scale turnover among short-term, medium- and long-term holders, and institutions.

(What’s happening with Bitcoin? Satoshi-era addresses quietly turn over, Wall Street traders: Bitcoin is undergoing a silent IPO)

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