Major development in institutional crypto adoption: A leading Wall Street bank managing $3.2 trillion in assets has issued fresh guidance recommending clients allocate 4% of portfolios to Bitcoin.

This marks a significant shift in traditional finance's stance on digital assets. The recommendation from such a massive financial institution could signal broader acceptance among conservative investors who've historically stayed on the sidelines.

Market participants are viewing this as a potential catalyst, especially considering the scale of capital that could flow in if even a fraction of managed assets follow this allocation strategy.