If you’re looking for a sign that interest in crypto has gone mainstream, it’s here: Fidelity — the longtime behemoth of retirement plans — now allows customers to invest directly in cryptocurrencies in a Roth IRA, traditional IRA or rollover IRA.
We’re not talking about dabbling in crypto-related ETFs (funds that invest in blockchain companies) or even spot Bitcoin ETFs.
The new Fidelity Crypto IRA, quietly unveiled in early April, provides retirement investors a tax-efficient direct entrée into the world of digital assets — wallets, cold storage and all.
Fidelity — or rather, its digital assets subsidiary — isn’t the only company hawking crypto IRAs (more on that below). But among the retirement-saving masses seeking additional portfolio diversification, it just became the most recognizable name in the space.
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