Merrill Lynch and Wells Fargo make spot Bitcoin ETFs available
Bank of America's Merrill and Wells Fargo begin offering spot Bitcoin ETFs to eligible wealth-management clients.
On February 29, 2024, Merrill Lynch and Wells Fargo make spot Bitcoin ETFs available. Bank of America's Merrill and Wells Fargo begin offering spot Bitcoin ETFs to eligible wealth-management clients.
The change concerned access through mainstream wealth-management channels, not a new ETF product. It showed that the January approvals were beginning to propagate through the distribution networks used by traditional financial advisers and high-net-worth clients.
The event belongs to the broader 2024 transition from scarce institutional Bitcoin access to a competitive, heavily intermediated market built around exchange-traded products.