Bank of America Backs 4% Crypto Allocation as Retail Takes Losses

Bank of America (BofA) has officially endorsed a 1%–4% allocation to crypto for its wealth management clients, marking a landmark shift in how Wall Street approaches digital assets. However, the move arrives at a challenging time for retail investors, who now hold the majority of Bitcoin ETF supply and are absorbing significant market losses. BofA Opens the Door to Mainstream Crypto Exposure Yahoo Finance reported on Tuesday that Bank of America will begin CIO coverage of four Bitcoin ETFs, including BITB, FBTC, Grayscale Mini Trust, and IBIT, starting January 5, 2026. It would enable more than 15,000 advisers across Merrill, the Private Bank, and Merrill Edge to recommend regulated crypto products for the first time proactively source: https://beincrypto.com/bank-of-america-crypto-allocatio/