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Bloomberg, citing sources familiar with the matter, said that the brokerage arm of Bank of America's Merrill Lynch and Wells Fargo & Co. are providing Bitcoin Spot ETF trading services to wealth management customers.
A Wells Fargo representative confirmed that since SEC approval, Bitcoin Spot ETFs can be actively purchased through Wells Fargo advisors or the bank's online WellsTrade platform. Representatives of Bank of America did not respond.
Previously, Morgan Stanley (Morgan Stanley) is deciding whether to let customers choose to invest in Bitcoin funds.