UBS - Merrill And Wells Fargo Jump On Board: Bitcoin ETFs Reach Wall Street Elite | Benzinga
Merrill, a division of Bank of America Corp. (NYSE: BAC), and the brokerage arm of Wells Fargo & Co. (NYSE: WAC) have begun offering their wealth management clients access to Bitcoin ETFs.
What Happened: The Rollout Of Bitcoin ETFs
Quoting sources, Bloomberg reported that these financial giants are extending these ETFs to select wealth management clientele who express interest in these offerings.
This development follows the Securities and Exchange Commission's approval of nearly a dozen Bitcoin ETFs in January, a decision that led to a notable uptick in demand for these investment vehicles.
Despite the regulatory green light, the decision to list these volatile asset class products rests with the ...