Bank of America’s wealthiest clients will gain access to Bitcoin ETFs, while its network of over 15,000 wealth advisers can recommend crypto exposure for the first time, Yahoo reported. More big-name financial institutions are opening the door to Bitcoin exposure, signaling a growing institutional appetite for regulated digital asset products. Bank of America, the second-largest US bank, reportedly recommended a 1%–4% cryptocurrency allocation to its wealth management clients through the Merrill, Bank of America Private Bank and Merrill Edge platforms, according to a statement shared with Yahoo Finance on Tuesday. “For investors with a strong interest in thematic innovation and comfort with elevated volatility, a modest allocation of 1% to 4% in digital assets could be appropriate,” said Chris Hyzy, chief investment officer at Bank of America Private Bank, in the statement shared with Yahoo. Read more
Trust Wallet is the latest crypto wallet to tap into prediction markets, starting with Myriad, highlighting an increasing trend of bundled trading tools. Trust Wallet, the self-custodial crypto wallet owned by Binance co-founder Changpeng “CZ” Zhao, is the latest wallet to tap into prediction markets. Trust Wallet has launched Predictions, a new wallet-native section allowing users to trade and earn on real-world events with full self-custody, the company announced Tuesday. “Eligible users can view events, take positions on outcomes such as yes or no and track how each event develops over time, all within their existing Trust Wallet,” Trust Wallet said. Read more
Bitcoin velocity RSI produced a rare bear market bottom signal as BTC price losses sparked a return to extreme "oversold" conditions. Bitcoin (BTC) is printing a key bear market bottom signal at $87,000 as analysis says that BTC price history may repeat. Key points: Bitcoin’s velocity RSI metric returns to levels seen only around bear market bottoms. Read more