Bank of America Backs 4% Crypto Allocation as Retail Takes Losses

Bank of America crypto allocation. Photo by BeInCrypto Bank of America (BofA) has officially endorsed a 1%–4% allocation to crypto for its wealth management clients, marking a landmark shift in how Wall Street approaches digital assets. However, the move arrives at a challenging time for retail investors, who now hold the majority of Bitcoin ETF supply and are absorbing significant market losses. BofA Opens the Door to Mainstream Crypto Exposure Yahoo Finance reported on Tuesday that Bank of America wil ...