$6 trillion asset manager Fidelity Investments is launching a new retirement plan that permits direct crypto investments. The firm now offers a no-fee crypto IRA that allows U.S. adults to invest in Bitcoin (BTC), Ethereum Ether (ETH) and Litecoin (LTC), according to a new webpage on Fidelity’s official website.
JUST IN: $6 trillion asset manager Fidelity launches retirement plan allowing direct crypto investments.
— Watcher.Guru (@WatcherGuru) April 2, 2025
Clients of the Fidelity firm have voiced interest in a tax-advantaged way to trade and hold cryptocurrency assets. As the crypto sector gains popularity and value among investors, investment/asset managers have increased their crypto services and offerings. This includes new retirement plans allowing crypto investments, crypto ETFs, and other means of equity exposure. Now, Fidelity is the latest to offer a retirement plan that can be funded with crypto.
Fidelity now offers BTC, LTC and ETH to any U.S. citizen over the age of 18. The assets are allocated by Fidelity and held in a cold wallet. The crypto IRA product has no fees, and customers can invest in a Roth IRA, traditional IRA or rollover IRA. “Fidelity is committed to offering investment products and solutions to meet the changing needs and interests of our customers, accompanied by education and support,” a Fidelity spokesperson told the press on Wednesday.
Fidelity already offers a number of crypto exchange-traded funds for Ethereum and Bitcoin. The firm also filed to list a Solana SOL ETF on the Cboe exchange. Fidelity is also reportedly exploring launching its own stablecoin, another pathway into the world of cryptocurrency. This token will reportedly act as cash in the mainstream crypto market and will be designed exclusively by the firm’s digital asset team.