BofA's Merrill, Wells Fargo offering spot bitcoin ETFs to clients

FILE PHOTO: A neon logo of virtual cryptocurrency Bitcoin is seen at the Bitcoin Embassy bar in this illustration taken June 1, 2021. REUTERS/Toya Sarno Jordan/Illustration/File Photo

(Reuters) -Bank of America's Merrill Lynch and Wells Fargo have been offering spot bitcoin exchange-traded funds to eligible wealth management clients, highlighting the growing popularity of the asset class.

The ETFs have been available to clients for weeks, a source familiar with Bank of America's plans told Reuters on Thursday.