TechFlow reports, citing Bloomberg and sources familiar with the matter, that Merrill Lynch, the wealth management division of Bank of America, along with Wells Fargo, are now offering spot bitcoin ETFs to their wealth management clients, highlighting growing mainstream acceptance of such products. A representative from Wells Fargo confirmed that since the SEC's approval, spot bitcoin ETFs have been actively available for purchase through Wells Fargo advisors or the bank's online WellsTrade platform. Representatives from Bank of America declined to comment.
According to CoinDesk, Morgan Stanley is evaluating adding spot bitcoin ETFs to its platform.
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