BofA’s Merrill, Wells Fargo Offer Bitcoin ETFs to Wealth Clients (2024)

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By Katherine Doherty and Yueqi Yang

BofA’s Merrill, Wells Fargo Offer Bitcoin ETFs to Wealth Clients (5)

Katherine Doherty

Bloomberg News

BofA’s Merrill, Wells Fargo Offer Bitcoin ETFs to Wealth Clients (7)

Yueqi Yang

Bloomberg News

Bank of America Corp.’s Merrill arm and Wells Fargo & Co.’s brokerage unit are offering access to ETFs that invest directly in Bitcoin, underscoring the increasing acceptance of the products by mainstream firms.

The banks are offering the approved ETFs to some wealth management clients with brokerage accounts who request the products, according to people familiar with the matter, who asked not to be identified discussing private information.

Read More: Vanguard Spurns Bitcoin ETF Trading While Merrill Evaluates

After years of industry speculation, nearly a dozen Bitcoin ETFs won approval from US regulators in January — with the ...

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BofA’s Merrill, Wells Fargo Offer Bitcoin ETFs to Wealth Clients (2024)
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