Yes, this is an accurate report of a significant policy shift by Bank of America. As of January 5, 2026, the bank's wealth management division is now actively recommending that clients consider allocating 1% to 4% of their portfolios to Bitcoin, moving from a restrictive, client-only request model to proactive advisor recommendations.
📈 What This Means for Investors
This is a major shift in how you can access crypto through the bank:
· New Advisor Guidance: Over 15,000 wealth advisors across Merrill, Bank of America Private Bank, and Merrill Edge can now proactively discuss and recommend Bitcoin exposure as part of standard portfolio reviews.
· Flexible Allocation Range: The recommended 1%-4% is not one-size-fits-all. The lower end is suggested for conservative investors, while the 4% level may suit those with a higher risk tolerance and strong interest in thematic innovation.
· Access Through Approved ETFs: Exposure is facilitated through regulated, U.S.-listed spot Bitcoin Exchange-Traded Funds (ETFs). The bank's Chief Investment Office has approved coverage of four specific funds:
· Bitwise Bitcoin ETF (BITB)
· Fidelity Wise Origin Bitcoin Fund (FBTC)
· Grayscale Bitcoin Mini Trust (BTC)
· BlackRock iShares Bitcoin Trust (IBIT)
🏦 A Major Shift in Institutional Stance
This move is part of a clear, industry-wide trend and represents a complete reversal for Bank of America itself.
· From Skeptic to Advocate: In March 2021, Bank of America published a research note titled "Bitcoin's Dirty Little Secrets," arguing there was no good reason to own it. The new 1%-4% guidance marks a 180-degree turn, legitimizing Bitcoin as a potential portfolio component.
