{"id":126348,"date":"2025-04-02T22:17:14","date_gmt":"2025-04-02T22:17:14","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126348"},"modified":"2025-04-02T22:17:14","modified_gmt":"2025-04-02T22:17:14","slug":"fidelity-introduces-retirement-accounts-with-minimal-fee-crypto-investing","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126348","title":{"rendered":"Fidelity introduces retirement accounts with minimal-fee crypto investing"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsFidelity, a financial services company with $5.9 trillion in assets under management, has introduced new retirement accounts that will allow Americans to invest in crypto nearly fee-free.<br \/>\nThe three accounts \u2014 a tax-deferred traditional IRA and two Roth IRAs (one is a rollover) \u2014 permit the buying and selling of Bitcoin (BTC), Ether (ETH), and Litecoin (LTC). While there are no fees to open or maintain the accounts, Fidelity charges a 1% spread on the execution price of crypto buy and sell transactions.<br \/>\nThe crypto IRAs are offered by Fidelity Digital Assets, a subsidiary of Fidelity that has traditionally offered institutional investors the opportunity to buy and sell crypto.<br \/>\nThe broadening of its client base may be another signal of the changing crypto landscape in the United States, which has seen the adoption of a strategic Bitcoin reserve and multiple companies, including stablecoin issuer Circle, filing for an initial public offering.<br \/>\nFidelity states that, for security, it holds the majority of its crypto in cold storage, which consists of crypto wallets not connected to the internet.<br \/>\nRelated: Bitcoin ETFs for retirement planning: A beginner\u2019s guide<br \/>\nBTC and ETH exposure already offered for retirement accounts<br \/>\nWhile the direct purchase of cryptocurrencies in an IRA has never been strictly prohibited, few IRA providers have allowed such purchases, according to Investopedia. Therefore, Fidelity\u2019s new IRAs may signal a change in the environment.<br \/>\nStill, for enthusiasts of BTC and ETH, there have been other options since 2024, such as exchange-traded funds (ETFs) of those corresponding coins.<br \/>\nSince the debut of those ETFs, investors in the US have been able to gain exposure to crypto markets from their retirement accounts \u2014 depending on the brokerage. There has also been the rise of Bitcoin IRAs, which are self-directed retirement accounts that offer tax advantages.<br \/>\nSome crypto companies offer digital-asset-specific IRAs like BitIRA, where individuals can add altcoins such as LTC to their retirement portfolios.<br \/>\nThe move to allow more Americans to invest crypto into retirement accounts may be gaining momentum. On April 1, Alabama Senator Tommy Tuberville announced the reintroduction of a bill to allow Americans to add cryptocurrency to their 401(k)s. The process would involve scaling back regulations issued by the Department of Labor.<br \/>\nMagazine: X Hall of Flame: Bitcoin will \u2018start ripping\u2019 as Trump\u2019s polls improve \u2014 Felix Hartmann\u00a0<a href=\"https:\/\/cointelegraph.com\/news\/fidelity-introduces-retirement-accounts-with-minimal-fee-crypto-investing?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsFidelity, a financial services company with $5.9 trillion in assets under management, has introduced new retirement accounts that will allow Americans to invest in crypto nearly fee-free. The&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126348"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126348"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126348\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126348"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}