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Bank of America or its investment arm Merrill Lynch is not broadly recommending its retail clients or the general public to allocate their funds into crypto. They do not even allow its traditional brokerage clients to buy Bitcoin ETFs or any cryptocurrency on their platform.
However, after a couple of research into emerging markets such as Bitcoin ETFs, they feel is going to give access and not necessarily a recommendation.
However, there are news outlets who may tweak headlines a bit for attention hence this is not fully bullish. Is a step towards a 100,000 steps ahead, let's not get all giggly and later regret for making some investment moves based on this news.
Cheers Amigos