Fidelity Launches No-Fee Retirement Plan for Bitcoin, Ethereum, Litecoin Investments

Fidelity Investments, managing $6 trillion in assets, has introduced a new retirement plan that allows U.S. adults to directly invest in cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. The plan, which is offered without fees, enables investors to allocate funds into these digital assets through a Roth IRA, traditional IRA, or rollover IRA.

The assets are custodied by Fidelity and stored in a cold wallet, ensuring security. This move comes as a response to increasing client interest in tax-advantaged ways to trade and hold cryptocurrencies, according to a person familiar with the matter.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.