Bank of America Merrill Lynch and Wells Fargo are offering Bitcoin spot ETFs to their customers
According to sources cited by Bloomberg, the Merrill division of Bank of America and the brokerage department of Wells Fargo Co. are offering Bitcoin spot ETFs to wealth management clients. Due to customer demand, the banks first offered approved ETF products to some wealth management clients with brokerage accounts. A representative from Wells Fargo confirmed that since approval by the U.S. SEC, Bitcoin spot ETFs can be actively purchased through Wells Fargo advisors or the bank's online WellsTrade platform. A representative from Bank of America did not respond. Previously, Morgan Stanley was deciding whether to allow customers to invest in Bitcoin funds.
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