The winds on Wall Street have truly changed. A leading American bank has unprecedentedly informed its wealth management clients that they can allocate 1% to 4% of their assets to Crypto Assets.

This is not a trivial matter. Starting from January 5th next year, clients from their three major wealth management lines will be able to see research reports on four Bitcoin ETFs—BITB, FBTC, Grayscale Mini Trust, and IBIT. It's important to note that previously their advisors were not even allowed to proactively mention Crypto Assets products, but now they are directly putting research coverage and allocation recommendations on the table.

The attitude of traditional finance towards Bitcoin has shifted from "don't touch" to "it's okay to allocate a little bit," and this turning point has come faster than many expected. After all, being able to get the nod from institutions managing trillions of dollars means that the ETF compliance channel has indeed played a role.