Bank Of America Launches Bitcoin Coverage, Recommends Up To 4% Crypto Allocation

Bank of America Corp. (NYSE:BAC) on Tuesday began formally recommending a 1% to 4% cryptocurrency allocation for its wealth management clients and said it will launch coverage of multiple Bitcoin (CRYPTO: BTC BTC - $92981.866 ETFs starting January 5. BoA Ends Adviser Restrictions And Opens The Door To Bitcoin ETFs The shift marks a major reversal for one of the country's largest advisory networks.

Source: benzinga.com

Related symbols: BTCUSD

2025-12-02 18:05:01 GMT.

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Price & Market Data

Price: $92981.866

Volume 24h: $79,863,394,289.05

Market Cap: $1,855,634,736,920.30

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,956,206. The last known price of Bitcoin is 86,744.74498607 USD and is down -5.06 over the last 24 hours. It is currently trading on 12489 active market(s) with $63,178,415,184.35 traded over the last 24 hours. More information can be found at https://bitcoin.org/.