Crypto Enters A Pivotal Week For Bitcoin, Ethereum, And Macro Events
#BinanceAlphaAlert Crypto heads into the second week of January jam-packed with crucial events. Here’s what crypto holders need to know:
#1 BTC: Bank Of America Opens The Advisory Spigot
Starting January 5, advisers across Bank of America Private Bank, Merrill, and Merrill Edge can recommend “several crypto exchange-traded products (ETPs)” for client portfolios, removing prior asset thresholds and shifting advisers from execution-only to active allocation guidance.
In an early-December note tied to the rollout, Merrill’s Chris Hyzy framed the bank’s stance in portfolio-construction terms: “For investors with a strong interest in thematic innovation and comfort with elevated volatility, a modest allocation of 1% to 4% in digital assets could be appropriate.”