PANews reported on December 2nd, citing Yahoo Finance, that Bank of America (BAC) has advised its wealth management clients to consider allocating a certain percentage of their portfolios to cryptocurrencies. The firm recommends that clients of its Merrill Lynch, Bank of America Private Bank, and Merrill Lynch Edge platform allocate 1%-4% of their funds to digital assets. Its investment strategists will begin monitoring four Bitcoin ETFs (BITB, FBTC, Grayscale Mini Trust, and IBIT) starting in January 2026. Chris Hyzy, Chief Investment Officer of Bank of America Private Bank, stated in a press release: “A moderate allocation of 1%-4% to digital assets may be appropriate for investors with a strong interest in thematic innovation and who can accept high volatility. Our recommendation emphasizes choosing regulated investment vehicles, making thoughtful asset allocations, and clearly understanding the opportunities and risks involved. For investors with a more conservative risk appetite, the lower end of this allocation range may be more suitable; while for investors with a higher overall portfolio risk tolerance, the upper end is more appropriate.”PANews reported on December 2nd, citing Yahoo Finance, that Bank of America (BAC) has advised its wealth management clients to consider allocating a certain percentage of their portfolios to cryptocurrencies. The firm recommends that clients of its Merrill Lynch, Bank of America Private Bank, and Merrill Lynch Edge platform allocate 1%-4% of their funds to digital assets. Its investment strategists will begin monitoring four Bitcoin ETFs (BITB, FBTC, Grayscale Mini Trust, and IBIT) starting in January 2026. Chris Hyzy, Chief Investment Officer of Bank of America Private Bank, stated in a press release: “A moderate allocation of 1%-4% to digital assets may be appropriate for investors with a strong interest in thematic innovation and who can accept high volatility. Our recommendation emphasizes choosing regulated investment vehicles, making thoughtful asset allocations, and clearly understanding the opportunities and risks involved. For investors with a more conservative risk appetite, the lower end of this allocation range may be more suitable; while for investors with a higher overall portfolio risk tolerance, the upper end is more appropriate.”
Bank of America recommends that its wealth management clients allocate 1%–4% to crypto assets.
PANews reported on December 2nd, citing Yahoo Finance, that Bank of America (BAC) has advised its wealth management clients to consider allocating a certain percentage of their portfolios to cryptocurrencies. The firm recommends that clients of its Merrill Lynch, Bank of America Private Bank, and Merrill Lynch Edge platform allocate 1%-4% of their funds to digital assets. Its investment strategists will begin monitoring four Bitcoin ETFs (BITB, FBTC, Grayscale Mini Trust, and IBIT) starting in January 2026. Chris Hyzy, Chief Investment Officer of Bank of America Private Bank, stated in a press release: “A moderate allocation of 1%-4% to digital assets may be appropriate for investors with a strong interest in thematic innovation and who can accept high volatility. Our recommendation emphasizes choosing regulated investment vehicles, making thoughtful asset allocations, and clearly understanding the opportunities and risks involved. For investors with a more conservative risk appetite, the lower end of this allocation range may be more suitable; while for investors with a higher overall portfolio risk tolerance, the upper end is more appropriate.”
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Litecoin Fluctuates Below The $116 Threshold
The post Litecoin Fluctuates Below The $116 Threshold appeared on BitcoinEthereumNews.com. Sep 17, 2025 at 23:05 // Price Litecoin price analysis by Coinidol.com: LTC price has slipped below the moving average lines after hitting resistance at $120. Litecoin price long-term prediction: bearish The 21-day SMA support helped to alleviate the selling pressure. In other words, the price of the cryptocurrency is above the 21-day SMA support but below the 50-day SMA barrier. This suggests that Litecoin will be trapped in a narrow range for a few days. If the 21-day SMA support or the 50-day SMA barrier is overreached, the cryptocurrency will trend upwards. For example, if the LTC price breaks through the 50-day SMA barrier, it will rise to a high of $124. Litecoin will fall to its current support level of $106 if the 21-day SMA support is broken. Technical Indicators Resistance Levels: $100, $120, $140 Support Levels: $60, $40, $20 LTC price indicators analysis Litecoin’s price is squeezed between the moving average lines. It is unclear in which direction Litecoin will move. The moving average lines are horizontal in both charts. However, the price bars are limited to the distance between the moving averages. The price bars on the 4-hour chart are below the moving average lines. LTC/USD price chart – September 17, 2025 What is the next move for LTC? On the 4-hour chart, Litecoin is currently trading in a bearish trend zone. The altcoin is trading above the $112 support and below the moving average lines, which represent resistance at $116. The upward movement is hindered by the moving average lines, which are causing the price to oscillate within a limited range. Meanwhile, the signal for the cryptocurrency is bearish, with price bars below the moving average…
Share
BitcoinEthereumNews2025/09/18 08:15
Filecoin Breakout Alert: Analysts Eye Explosive Jump Toward $15 and $30
Filecoin (FIL) is currently trading at $1.46, marking a 6.62% decline over the past 24 hours, while its trading volume rose slightly to $139.65 million, an increase of 1.16%. The token has also dropped 10.32% over the past week, reflecting persistent downward pressure across the decentralized storage sector. Despite the short-term weakness, market observers note […]
Share
Tronweekly2025/12/06 07:00
The Economics of Self-Isolation: A Game-Theoretic Analysis of Contagion in a Free Economy
Exploring how the costs of a pandemic can lead to a self-enforcing lockdown in a networked economy, analyzing the resulting changes in network structure and the existence of stable equilibria.
Share
Hackernoon2025/09/17 23:00