A major innovation in the world of crypto investments! Fidelity has launched a new IRA plan, allowing investors to trade and hold Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) with tax advantages.
What is the Crypto IRA?
This new system allows users to invest in Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) through a tax-advantaged IRA account. Assets are securely custodied in cold wallets by Fidelity Digital Assets.
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No Fees & Three IRA Options
- Roth IRA: Tax-free gains for eligible withdrawals.
- Traditional IRA: Tax-deferred growth.
- Rollover IRA: Convert existing retirement accounts into crypto investments.
A recent TMX Vetta Fi survey shows that 57% of financial advisors plan to increase their allocations to crypto ETFs, with a focus on crypto equity ETFs.
Fidelity’s Ongoing Crypto Expansion
- Fidelity has already introduced multiple crypto ETFs.
- Filed for a Solana ETF listing on the Cboe Exchange.
By integrating Bitcoin (BTC) and Ethereum (ETH) into retirement plans, Fidelity is making a bold move towards mainstream crypto adoption. For those looking for tax-advantaged crypto investment opportunities, this is a game-changer.
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