Bank of America recommends wealth management clients allocate 1% - 4% of their portfolios to cryptocurrencies

According to Yahoo Finance, Bank of America has announced that its wealth management clients should consider allocating cryptocurrency in their portfolios. The bank recommends that clients of Merrill, Bank of America Private Bank, and Merrill Edge allocate 1% - 4% of their assets to digital assets. Starting January 5 of next year, the bank's investment strategists will begin covering four Bitcoin ETFs, including Bitwise Bitcoin ETF (BITB), Fidelity Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Mini Trust (BTC), and BlackRock iShares Bitcoin Trust (IBIT).