BANK ↓ / YEAR → | 2022 | 2023 | 2024 | 2025
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
JPMorgan | Openly hostile to BTC (“worthless”) | Slight softening; Onyx blockchain focus | Launching crypto wallet/settlement patents | Allows limited BTC ETF access; Dimon still anti-BTC
| No client access | Advisors still restricted | Still bars direct BTC for wealth clients | Pragmatic acceptance under pressure
Bank of America | Research-only; no recommendations | Very cautious; no client access | Quiet prep for ETF era | Advisors allowed to recommend spot BTC ETFs
| Treated BTC as speculative | Wait-for-regulation posture | Stablecoin/payments exploration | Suggested allocation 1–4%
Citigroup | Negative tone; AML concerns | Neutral; internal blockchain R&D | Building tokenization platform | Opens ETF access to select clients
| No retail access | No advisor-based BTC | Supports institutional tokenization | Still no direct BTC custody
Wells Fargo | Skeptical; crypto labelled “high risk”| Neutral but restrictive | Offers crypto research to HNW clients | Adds Bitcoin ETFs to approved lists
| No client allocation | Institutional custody discussions | No direct BTC exposure | Advisors can allocate if suitable
Goldman Sachs | “Crypto desk lite” trading for pros | Expands OTC Bitcoin options | Pushes digital-asset division forward | Full ETF access; strong institutional BTC trading
| Still anti-retail | No mainstream wealth access | Tokenization focus | Most bullish among big banks
Morgan Stanley | First big bank to allow BTC funds | Maintains strict suitability rules | Preps spot ETF onboarding | Broadens ETF access; keeps risk controls
| Exposure only for ultra-wealthy | No new access | Expands due diligence | Operationalizing mainstream access
U.S. Bank | Early crypto custody bank | Paused custody expansion post-FTX | Quietly restarts crypto services | Resumes Bitcoin ETF custody fully
| Offering for institutional clients | Very conservative | Limited institutional support | More open than most regionals
PNC | Mostly skeptical; no offering | Internal blockchain experiments | Neutral; evaluating asset-tokenization | Allows ETF access but no advisory push
| No client crypto | Watching regulatory moves | Still no BTC products | “Client-request only”
Truist | Dismissive of BTC | Neutral; fintech partnerships | Watching ETF developments | Limited ETF access for clients
| No access | No wealth-platform crypto | No direct involvement | Defensive, not enthusiastic
Capital One | Anti-crypto; blocks some transactions| Slight thaw but no products | Observing ETF inflows | Permits ETF trading but no advisor guidance
| Risk/AML cited | No custody | No crypto services | Very conservative stance