Fidelity launches no-fee crypto IRA for US investors

Fidelity Investments introduced an individual retirement account that allows adults to invest in the cryptocurrency in a fiscal way.

The finance giant, which manages more than 6 billions of dollars in assets, now offers Bitcoin (BTC), Ethereum (Ethn), and Litecoin (Thal) in its retirement portfolio options.

The new crypto will go Provides access to retirement accounts in tax franchise (Roth) and tax (traditional and overview). Although there are no maintenance or guard costs, Loyalty Apply a 1% distribution on the execution price of cryptographic transactions.

The company positioned the product in response to the growing demand for digital asset investors in retirement planning.

Fidelity will store most of the active workers in cold portfolios to improve safety. Customers can manage their investments via the existing Fidelity platform, integrating the crypto alongside traditional assets.

The service is subject to the availability of the state, which means that some American residents may not have immediate access.

Fidelity crypto offers

Fidelity has widened its crypto offers in the past year.

The company already provides Bitcoin and Ethereum Fund negotiated in exchange And Recently deposited to register an ETF Solana on the CBOE exchange.

Reports also suggest that loyalty explores the launch of its own stablecoin To facilitate cryptographic transactions in its ecosystem.

This decision reflects a broader trend of traditional financial institutions incorporating cryptocurrency into their services. While more and more asset managers introduce retirement options based on crypto, the Fidelity initiative could push a greater general adoption of digital assets in long -term investment strategies.