The two US investment banks will offer their clients the opportunity to trade Bitcoin spot ETFs.
According to a recent report by Bloomberg, Bank of America Merrill Lynch and Wells Fargo & Co will allow the buying and selling of Bitcoin spot ETFs on their platform. Initially, the products will be offered to clients utilizing wealth management services who request them.
As reported by CoinDesk, investment bank Morgan Stanley is also reportedly considering the possibility of adding Bitcoin ETFs to its investment platform.
Record for ETFs
In recent weeks, Bitcoin ETFs have been achieving significant milestones. As previously reported by Atlas21, in the last trading days, demand has consistently exceeded by 10 times the number of bitcoin produced daily by miners. On February 28th, ETF volumes reached a record of $2.6 billion.
Yesterday in an interview with CNBC, Matt Hougan, Chief Investment Officer of Bitwise, stated:
