Merrill Lynch has barred its clients and financial advisers from trading in bitcoin , as well as bitcoin futures or investment products . The firm 's 17,000 advisers are prohibited from making bitcoin - related investments . They also do not accept client requests to take new investments in the Grayscale Investment Trust bitcoin fund , an open - ended vehicle deriving its value from the price of the cryptocurrency . The securities brokerage arm of UBS Group also bars clients from making client investments in bitcoin - related investments . JPMorgan , RBC and Citigroup are also among firms that restricted client access to bitcoin futures when they launched in early December .
Merrill Lynch has barred its clients and financial advisers from trading in bitcoin, as well as bitcoin futures or investment products. The firm's 17,000 advisers are prohibited from pitching bitcoin-related investments. They also cannot accept client requests to take new positions in the Grayscale Investment Trust bitcoin fund, an open-ended vehicle deriving its value from the price of the cryptocurrency. The US brokerage arm of UBS Group also bars advisers from making client trades in bitcoin-related products. JPMorgan, RBC and Citigroup are also among firms that restricted client access to bitcoin futures when they launched in early December.