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April 26, 2022 04:41 pm
Original Link: https://slashdot.org/story/22/04/26/1638200/fidelity-will-allow-investors-access-to-bitcoin-in-their-401ks?utm_source=rss1.0mainlinkanon&utm_medium=fe
Fidelity Will Allow Investors Access To Bitcoin In Their 401(k)s
In a first-of-its-kind move -- and the latest sign that crypto-investing has gone mainstream -- Fidelity Investments announced Tuesday that 401(k) plan participants will soon be able to invest in Bitcoin via their retirement plan. Reader BeerFartMoron writes: The investing option should be available by mid-year, Fidelity, the nation's largest 401(k) plan provider, said in a press release. Employers will need to opt into the change, which may limit which employees actually have access to Bitcoin in their workplace retirement accounts. That could enable millions of people to invest in the digital asset without the need to set up a separate account on a cryptocurrency exchange. There are few details currently available about how exactly the account will work, but Fidelity says employees will be able to invest in Bitcoin via what the company is calling the Digital Assets Account, which will be part of the investor's 401(k). That account will also hold short-term money market investments to provide the liquidity for transactions.Read more of this story at Slashdot.
Original Link: https://slashdot.org/story/22/04/26/1638200/fidelity-will-allow-investors-access-to-bitcoin-in-their-401ks?utm_source=rss1.0mainlinkanon&utm_medium=fe
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