Financial institution of America Corp.’s Merrill arm and Wells Fargo & Co.’s brokerage unit are providing entry to ETFs that make investments straight in bitcoin, underscoring the growing acceptance of the merchandise by mainstream companies.

The banks are providing the authorized ETFs to some wealth administration shoppers with brokerage accounts who request the merchandise, in line with individuals aware of the matter, who requested to not be recognized discussing non-public info.

After years of trade hypothesis, practically a dozen bitcoin ETFs received approval from U.S. regulators in January — with the landmark choice sparking a surge in demand for the automobiles.

However even with regulators’ blessing, it’s as much as companies whether or not to supply buying and selling within the bitcoin-linked merchandise and a few could also be reluctant to leap right into a unstable asset class.

Many are diving in.

Financial institution of America’s Merrill and Wells Fargo be part of Charles Schwab Corp. and Robinhood Markets Inc., which began providing the spot Bitcoin ETFs shortly after their approval.

UBS Group AG can also be providing numerous the bitcoin ETFs to a few of its wealth administration shoppers with brokerage accounts on an unsolicited foundation, Bloomberg reported in January.

Morgan Stanley is evaluating including spot bitcoin ETFs to its platform, in line with CoinDesk. A consultant for Morgan Stanley declined to remark to Bloomberg