According to Bloomberg, sources revealed that the brokerage divisions of Merrill Lynch, a subsidiary of Bank of America, and Wells Fargo are providing avenues for wealth management clients with brokerage accounts to invest in Bitcoin exchange-traded funds (ETFs). These clients have expressed a desire to obtain such products.
A representative from Wells Fargo confirmed that since the approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC), users can purchase these products through Wells Fargo Advisors or the bank’s online platform, WellsTrade.
Reuters also reported, citing sources, that Merrill Lynch has been offering Bitcoin ETFs to clients for several weeks.
