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Merrill Lynch Stopped Approving New Orders for Bitcoin Investment Trust in December

“The Bitcoin Investment Trust fund is run by Barry Silbert, a former Wall Street investment banker and a big supporter of cryptocurrencies” writes Donna Fuscaldo for Merrill Lynch brokerage and Merrill Edge customers that bought stakes in the Bitcoin Investment Trust can maintain their position, but customers with fee-based advisory accounts have to sell their holdings, reported Reuters.

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