Goldman’s accumulatingzoomer (@zoomerfied):[ ZOOMER ]GOLDMAN SACHS DISCLOSES $1.1B IN BTC, $1B IN ETH, $153M IN XRP AND $108M IN SOL - REPRESENTING A 0.33% CRYPTO ALLOCATION: FILING ...

Group 1 - Bank of America Corporation (NYSE:BAC) is allowing its wealth advisers to recommend crypto allocations in client portfolios starting next month [1] - Specific clients with assets meeting predetermined thresholds have had access to bitcoin ETFs since early 2024, and now advisers can recommend crypto exchange-traded products without asset class thresholds [2] - The Trump administration is providing regulatory relief for asset classes, and a modest allocation of 1% to 4% in digital assets is deemed appropriate for investors comfortable with volatility [3] Group 2 - Bank of America Corporation's share price has risen approximately 8% since its fiscal Q3 2025 earnings release on October 15, with quarterly revenue growing by 10.82% to $28.09 billion, surpassing estimates by $629.76 million [3] - The company's earnings per share (EPS) of $1.06 also exceeded estimates by $0.11, with $11.3 billion of the $29.09 billion revenue coming from sales and trading, investment banking, and asset management fees, reflecting a 15% year-over-year growth [3] - Bank of America operates in four segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, and Global Markets [4]

Core Insights - Starting January 2026, Bank of America (BAC) will allow wealth advisers to recommend a small crypto allocation of 1% to 4% for suitable clients, integrating crypto into the bank's house view with research coverage and portfolio guidelines [1][8] - The initial focus will be on regulated spot Bitcoin ETFs, providing clients with a traditional security-like wrapper that offers daily liquidity and operational controls [2][8] - This shift may further mainstream crypto in advised portfolios, potentially prompting other financial institutions to follow suit [3] Company Developments - Bank of America has seen its shares rise by 23% this year, indicating positive market performance [7] - The bank's current valuation is at a 12-month trailing price-to-tangible book (P/TB) ratio of 1.97X, which is below the industry average [9] - The Zacks Consensus Estimate for Bank of America's earnings implies year-over-year growth of 15.9% for 2025 and 14.5% for 2026, with earnings estimates increasing to $3.80 and $4.35 respectively [10]

$BTC is currently recovering from its worst pullback this cycle, a 36% correction that started after it made ATH on October 6meanwhile we have a confluence of lots of good news all at once- the US Federal Reserve (FED) ended QT on December 1, the first time they will be doing this since ending a QT cycle in September 2019- the FED injected $13.5 billion in liquidity into the banking system which is one of their largest liquidity injections since COVID- further FED rate cuts are expected in a week's time- ul ...

More major Banks recommending 4% Bitcoin allocations for their clientsWu Blockchain (@WuBlockchain):Bank of America is now recommending a 1%–4% crypto allocation for clients of Merrill, the Private Bank, and Merrill Edge, and will begin CIO coverage of four bitcoin ETFs — BITB, FBTC, Grayscale’s Mini Trust, and IBIT — starting Jan. 5, 2026. This marks a shift from its previous ...

Core Insights - Bank of America (BofA) has officially endorsed a 1%–4% allocation to crypto for its wealth management clients, indicating a significant shift in Wall Street's approach to digital assets [1][3] - The endorsement comes at a challenging time for retail investors, who currently hold the majority of Bitcoin ETF supply and are facing substantial market losses [1][8] Group 1: BofA's Crypto Strategy - BofA will begin CIO coverage of four Bitcoin ETFs starting January 5, 2026, allowing over 15,000 advisers to recommend regulated crypto products proactively [2] - Chris Hyzy, CIO of Bank of America Private Bank, stated that a modest allocation of 1% to 4% in digital assets could be suitable for investors comfortable with volatility [3] - Nancy Fahmy, head of BofA's investment solutions group, noted that the update reflects growing client demand for access to digital assets [4] Group 2: Industry Trends - BofA's guidance aligns with a broader institutional shift, following a policy reversal that has eased constraints on banks engaging with digital assets [5] - Other financial institutions are also recommending crypto allocations, with Morgan Stanley suggesting 2%–4%, BlackRock endorsing 1%–2%, and Fidelity proposing 2%–5% [7] - The timing of Wall Street's adoption is notable, as Bitcoin has dropped nearly 33% from its peak, while retail investors hold approximately 75% of spot Bitcoin ETF assets, making them highly exposed to price volatility [8]

Bank of America is now recommending a 1%–4% crypto allocation for clients of Merrill, the Private Bank, and Merrill Edge, and will begin CIO coverage of four bitcoin ETFs — BITB, FBTC, Grayscale’s Mini Trust, and IBIT — starting Jan. 5, 2026. This marks a shift from its previous policy that barred advisers from proactively suggesting crypto products, allowing over 15,000 advisers to formally include digital assets in client portfolios.https://t.co/pPM6XwBbR2 ...