Bank of America, one of the largest financial institutions in the United States, may be preparing to launch a Bitcoin-backed line of credit, according to recent information.
The data was disseminated by the Coin Bureau analysis portal through the X social network.
According to the aforementioned sources, the bank will be joining a fully growing trend, as reported by CriptoNoticias: Bitcoin-backed loans.
However, so far, No official announcement or press release from Bank of America Evidence that supports the existence of this financial product.
This information comes at a time when Bank of America is becoming more open to Bitcoin and the crypto sector. The bank recently began offering access to a Bitcoin ETF, with its strategists recommending allocating up to 4% of a portfolio to the cryptocurrency, indicating growing interest from institutional investors.
