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

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