Retirement savers in some 401(k) plans are starting to get access to cryptocurrencies like bitcoin. Fidelity Investments, the largest provider of 401(k) plans by total assets, began offering a Digital Assets Account to clients this fall, a spokesperson confirmed.
Which Fidelity fund has crypto?
Fidelity Crypto® is offered by Fidelity Digital Assets℠. Investing involves risk, including risk of total loss. Crypto as an asset class is highly volatile, can become illiquid at any time, and is for investors with a high risk tolerance.
Which 401k plans now let workers put retirement money into cryptocurrency?
Fidelity is allowing companies to offer bitcoin on their core menu of 401(k) investments for employees. Fidelity's offering lets employees put up to 20% of their 401(k) contributions into bitcoin, but employers can impose lower caps, among other guardrails.
Can 401k be invested in crypto?
Bitcoin and other cryptocurrency investments may be available through 401(k) plans and individual retirement accounts (IRAs), though access may depend on the plan provider. Many plan managers are skeptical about the value of crypto and concerned about the risks it entails.
Which 401k offers crypto?
How is ForUsAll's crypto 401(k) different from Fidelity's Bitcoin 401(k)? At ForUsAll, we believe that diversification is critical to an appropriately balanced retirement portfolio. Our crypto 401(k) solution provides access to wide range of cryptocurrencies, as opposed to just Bitcoin.
Is Fidelity going to offer crypto?
For instance, Fidelity offers only two cryptocurrencies: Bitcoin and Ethereum. And users can't send or receive cryptocurrency from their accounts, a must for users who want to use crypto for payments or to access blockchain-based services on the web. You can sell crypto for fiat money, though.