U.S. spot crypto ETFs reached a cumulative trading volume of over $2 trillion as of January 2, 2026, doubling from $1 trillion in just eight months. The rapid growth reflects increasing institutional interest, bolstered by new ETFs tracking various cryptocurrencies like Solana and XRP. BlackRock's Bitcoin ETF dominates the market with a 70% share.

Bank of America will permit its wealth advisers to recommend a 1%-4% allocation to bitcoin, starting in January. This shift aligns the bank with firms like BlackRock and Morgan Stanley, following Vanguard's recent decision to offer crypto ETFs to clients.

Vanguard will start allowing ETFs and mutual funds that focus on cryptocurrencies like Bitcoin, Ether, XRP, and Solana. This marks a shift from its previous stance that deemed digital assets too volatile for investment portfolios, especially after a significant downturn in the crypto market.