Bank of America and Wells Fargo are now offering spot Bitcoin ETFs to their wealth management clients, signaling increased acceptance of such products by mainstream companies. Wells Fargo has confirmed that spot Bitcoin ETFs can be purchased through its advisors or online platform, WELLSTRADE, while representatives from Bank of America have declined to comment. Additionally, Morgan Stanley is also considering adding spot Bitcoin ETFs to its platform.

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<p>According to a report from Bloomberg citing sources familiar with the matter, Bank of America's wealth management divisions Merrill and U.S. Trust are offering their wealth management clients access to physically-backed Bitcoin ETFs, highlighting the increasing acceptance of such products by mainstream companies. A representative from U.S. Trust confirmed that since SEC approval, the physically-backed Bitcoin ETFs can be actively purchased through U.S. Trust advisors or the bank's online WellsTrade platform. A representative from Bank of America declined to comment.</p>
<p>Morgan Stanley is reportedly evaluating the addition of physically-backed Bitcoin ETFs on its platform, according to CoinDesk.</p>
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Merrill Lynch and Wells Fargo Bank offer spot Bitcoin ETFs to wealth management clients.