Bank of America's subsidiaries Merrill Lynch and Wells Fargo are offering Bitcoin spot ETFs to their clients. According to Bloomberg, Merrill Lynch's brokerage division and Wells Fargo's wealth management division have started offering approved Bitcoin spot ETF products to some of their brokerage account-holding clients. A representative from Wells Fargo confirmed that clients can actively purchase Bitcoin spot ETFs through Wells Fargo advisors or the online platform WELLSTRADE since approval from the U.S. Securities and Exchange Commission (SEC). A representative from Bank of America has not responded to this matter. Additionally, Morgan Stanley is evaluating whether to allow clients to invest in Bitcoin funds.

According to Bloomberg, Merrill, a division of Bank of America, and the brokerage department of Wells Fargo & Co are offering Bitcoin spot ETFs to their clients. The banks are initially offering approved ETF products to wealth management clients with brokerage accounts. A representative from Wells Fargo confirmed that Bitcoin spot ETFs can be actively purchased through Wells Fargo advisors or their online WellsTrade platform since receiving approval from the US SEC. A representative from Bank of America did not respond. Previously, Morgan Stanley was evaluating whether to allow clients to choose to invest in Bitcoin funds.

Merrill Lynch Securities and Wells Fargo Bank have begun offering Bitcoin spot ETFs to their customers.