Fidelity launches zero-fee crypto retirement accounts with exposure to Bitcoin, Ethereum and Litecoin
Fidelity Investments is launching zero-fee retirement plans that will provide investors exposure to three major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
The product is available to US citizens over 18 who reside in states where Fidelity Digital Assets supports crypto individual retirement arrangements (IRAs). The asset manager is offering three different IRA plans.
The first plan is a tax-free Roth IRA, which allows investors to save for retirement with already taxed money, while the second is a more “traditional” IRA, which allows for tax-deferred potential earnings growth.
The third plan is a Rollover IRA, which enables investors to transfer funds from a former employer’s plan to an IRA,…
