Fidelity offers fee-free crypto investing in new retirement accounts today

Fidelity Investments, managing $5.9 trillion in assets, is venturing further into the digital realm with its new retirement accounts that enable Americans to buy and sell cryptocurrencies nearly fee-free.
The offering includes a tax-deferred traditional IRA and two Roth IRAs (one as a rollover), giving investors the opportunity to trade Bitcoin (currently around $84,733), Ethereum (approximately $1,862), and Litecoin (about $85.27) under a 1% spread fee on transactions. Administered by Fidelity Digital Assets—a subsidiary traditionally focused on institutional crypto trading—these accounts come with no fees to open or maintain, marking a significant step in making crypto investment accessible to a broader audience.
Broadening access to digital assets
This move signals a notable shift in the evolving crypto landscape in the United States. While direct crypto purchases in retirement accounts have existed, few IRA providers have facilitated such transactions until now.
Fidelity’s initiative aligns with a broader trend where digital assets are increasingly integrated into traditional financial portfolios, complementing the growing presence of Bitcoin-ETFs and other crypto investment vehicles available to retail investors. Fidelity assures robust security measures, with the majority of digital assets stored in cold storage, thereby reducing the risk of online breaches.
The expansion of crypto investment options for retirement accounts comes as regulatory and market dynamics continue to evolve. Recent legislative proposals, such as the reintroduction of a bill by Alabama Senator Tommy Tuberville to allow cryptocurrency investments in 401(k) plans, underscore a growing momentum for broader digital asset inclusion in traditional retirement portfolios. As investors adjust their strategies amidst these innovations, the long-term impact on retirement planning and market dynamics will be closely monitored by both regulators and industry participants.
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