Truist Launches Crypto Trading for Private Wealth Clients
Truist’s private wealth division is adding cryptocurrency exposure for its clients, the bank announced on Feb. 25. Truist Investment Services financial advisors can now offer spot bitcoin exchange-traded funds backed by Fidelity and BlackRock that are registered with the U.S. Securities and Exchange Commission, providing a regulated route to BTC for eligible clients.
The change matters because it brings crypto into standard advisor-led portfolios, widening distribution to high-net-worth and private wealth customers and signaling growing mainstream acceptance among U.S. wealth managers. By limiting the offering to SEC-registered spot bitcoin ETFs, Truist is leaning on established providers and regulatory approvals to give clients familiar access to bitcoin while keeping product choice narrowly focused for now.