Fidelity Investments deployed a plan that invests directly in Crypto on Wednesday, giving investors another method to exploit this asset class.
The brokerage company offers Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) to any American citizen over the age of 18. The assets are kept by digital active ingredients Fidelity and held in a cold wallet. The crypto product will have no fees and customers can invest in a Roth IRA, a traditional IRA or a rollover Ira, according to the Fidelity website.
The new product comes as financial advisers are increasingly offering crypto to their customers. A TMX Vetta FI survey recently shown that 57% of advisers plan to increase their allowances in cryptographic ETFs, although their largest objective is in the ETF of cryptographic actions.
“Fidelity undertakes to offer investment products and solutions to meet the needs and changing interests of our customers, accompanied by education and support,” said a spokesperson at Coindesk.
Customers of the brokerage firm have increasingly expressed their interest in a fiscal way of negotiating and holding the crypto, said a person familiar with the issue.
Fidelity already offers a certain number of funds negotiated in exchange for crypto, which allow investors to follow the prices of digital assets without investing directly. The company recently filed a registration to register an ETF Solana on the CBOE exchange.
Update (April 2, 16:15 UTC): Correct the first paragraph to indicate that the plan was introduced Wednesday, not Thursday, and specifies that the assets are kept by Fidelity Digital Assets.
