Bank of America allows advisors to recommend spot BTC ETFs

Bank of America (BofA) has authorized its advisors to directly recommend spot BTC ETFs to clients, Cointelegraph reported. Previously, transactions were only permitted on a limited basis when qualified investor clients made unsolicited requests. Now, advisors can suggest that clients allocate around 1% to 4% of their portfolios to cryptocurrency. The officially recommended spot BTC ETFs are BlackRock's IBIT, Bitwise's BITB, Fidelity's FBTC, and the Grayscale BTC Mini Trust (BTC).