Bank of America’s Merrill, Wells Fargo Offer Bitcoin ETF Products for Clients
- Wealth management platforms offer access to Bitcoin ETFs
- Bitcoin surges toward a record after surpassing $60,000
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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.