Major US Banks Roll Out Spot Bitcoin ETFs for Clients

Bank of America's Merrill Lynch and Wells Fargo are now offering spot bitcoin exchange-traded funds (ETFs) to their clients, following the launch of 10 ETFs in January. This move by the two Wall Street wealth management giants could potentially bring significant buying power to the market for bitcoin ETFs, with industry participants eagerly awaiting major U.S. brokerages to offer the funds to their clients. The entrance of Merrill Lynch, Wells Fargo, and possibly Morgan Stanley could lead to a new wave of demand for these ETFs, which have already seen tremendous demand since their launch.