Fidelity Investments expands access to the digital asset market by launching a new retirement plan with direct cryptocurrency investment options.
New Opportunities for Investors
Fidelity Investments now offers Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) as new investment options for U.S. residents over 18. These assets are securely stored in the company's cold storage facilities.
Cryptocurrencies in Retirement Plans
Fidelity's crypto retirement plans charge no fees and support investments through Roth IRAs, traditional IRAs, and rollover IRAs. This move reflects the growing demand among the company's clients for tax-advantaged ways to trade and hold crypto.
Trends in the Financial Market
According to a recent TMX Vetta Fi survey, 57% of financial advisors plan to increase their allocations to crypto exchange-traded funds, particularly crypto stock ETFs. Fidelity has also launched several crypto ETFs and filed to list a Solana ETF on the Cboe Exchange.
The launch of Fidelity’s cryptocurrency retirement plans reflects growing trends in the financial market, showcasing how traditional financial firms adapt to changing investor preferences.
