BofA’s Merrill offering spot bitcoin ETFs to clients, source says

Bank of America’s Merrill Lynch has been offering spot bitcoin exchange-traded funds to eligible wealth management clients, a source familiar with the matter said on Thursday, highlighting the growing popularity of the asset class. The ETFs have been available to clients for weeks, the source told Reuters, coming on the heels of the Securities and Exchange Commission’s (SEC) landmark approval of such investment vehicles in January. After a decade-long tussle with the SEC, eleven such ETFs started trading in the United States last month.