IRA with Bitcoin: Fidelity shakes up retirement planning with IRA that offers direct exposure to Bitcoin, Ethereum, and Litecoin - The Economic Times
Published 1 day ago• 2 minute read
Fidelity shakes up retirement planning with IRA that offers direct exposure to Bitcoin, Ethereum, and Litecoin
Global Desk
has recently launched Fidelity Crypto for IRAs, which gives investors a way to include digital assets like Bitcoin, Ethereum, and Litecoin directly in their retirement portfolios, as per a report.This responds to the growing interest from Americans who want to hold crypto in a tax-advantaged account and integrates traditional retirement savings with the growing cryptocurrency market, as per Blockchain Magazine report.
The new offering, launched on April 2 this year, allows US adults, who are 18 years and above to invest in Bitcoin, Ethereum, and Litecoin via Roth, traditional, or rollover IRAs, in eligible states, according to the report. Here are the key features, as per Blockchain Magazine: Fidelity is also reportedly considering more innovations in the crypto industry, like testing a stablecoin through its digital assets arm, according to Blockchain Magazine. The company has also submitted a proposal to the SEC for a blockchain-based US dollar money market fund, reported Blockchain Magazine.
It’s a new way for investors to include Bitcoin, Ethereum, and Litecoin in their retirement accounts like Roth or traditional IRAs, as per Blockchain Magazine report.
It’s available to US adults aged 18 and over, except those living in California and Oregon, as per the report.
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