can you invest in bitcoin with fidelity

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Fidelity Investments announced Tuesday that it will offer bitcoin as an investment option in its 401(k) plans by the middle of this year. It’s a big move given that Fidelity is the largest 401(k) plan provider in the United States, acting as custodian for 23,000 plans, which have 20.4 million participants.

 

Will Fidelity let you buy bitcoin?

No. While Fidelity does not currently offer the option to purchase bitcoin for retail customers, other companies do allow you to rollover your eligible Fidelity 401(k) accounts into a Digital IRA.

 

Does Fidelity handle bitcoin?

Fidelity Investments customers with a 401(k) account will be able to invest a portion of their account funds in bitcoin starting later this year, the first time a major retirement plan provider is adding cryptocurrency to their menu.

 

Can I invest my Fidelity 401k in bitcoin?

Investors would be able to allocate up to 20% of their 401(k) accounts to bitcoin, though employers will be able to lower that cap.

 

Which Fidelity fund has bitcoin?

The Wise Origin Bitcoin Index Fund went public in August 2020, giving Boston-based Fidelity the ability to offer clients bitcoin exposure.

 

When can I buy bitcoin in my Fidelity 401k?

Key Takeaways. Fidelity will offer Bitcoin as an investment option in 401(k) plans starting sometime in mid-2022. How much plan participants can put into Bitcoin will be determined by their employers, but a maximum of 20% is likely. This is likely to give a major boost to the mainstreaming of cryptocurrency.

 

 

 

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