Bitwise CEO Says Major Banks Approve Bitcoin and Crypto ETPs for Clients

The evidence strongly and consistently supports the statement that major banks have approved client access to Bitcoin and other cryptocurrency ETPs. Several high-authority sources provide specific examples. A Reuters article confirms that Bank of America will permit its wealth advisers to recommend crypto allocations. Another article reports that Merrill Lynch, Bank of America's wealth management division, has approved access to Bitcoin ETFs for qualified clients. Furthermore, a news feed on a financial data page mentions that Morgan Stanley, another major bank, is selling products tied to a spot Bitcoin ETF. A Bloomberg headline also notes that major bank PNC launched Bitcoin trading for its wealthy clients. These pieces of evidence, originating from credible outlets like Reuters and Bloomberg, directly name multiple major financial institutions and their actions to provide client access to cryptocurrency products, including ETPs. While some provided sources were irrelevant or offered only general market context, there is no conflicting evidence. The cumulative weight of the specific, corroborated examples makes the statement highly likely to be true.