Fidelity Lets Investors Directly Invest in Crypto Through New IRA Plan (CoinDesk)
“Fidelity Investments rolled out an IRA plan that invests directly in crypto, giving investors another method for tapping this asset class.
Fidelity (Smith Collection/Gado/Getty Images).
The brokerage firm offers bitcoin (BTC), ethereum (ETH) and Litecoin (LTC) to any U.S. citizen over the age of 18. The assets are custodied by Fidelity Digital Assets and held in a cold wallet. The crypto IRA product has no fees, and customers can invest in a Roth IRA, traditional IRA or rollover IRA, according to Fidelity's website.
The new product comes as financial advisors are increasingly offering crypto to their clients. A survey by TMX Vetta Fi recently showed that 57% of advisors plan on increasing their allocations into crypto ETFs, although their biggest focus is in crypto equity ETFs.” (CoinDesk)
