Fidelity Offers Bitcoin as 401(k) Investment Option
Will become first provider to allow cryptocurrency in 401(k) accounts
By MARK KOLAKOWSKI Published April 26, 2022
Fidelity Investments has become the first retirement plan provider to allow cryptocurrencies in the 401(k) accounts that it services, starting with Bitcoin (BTC). This investment option will become available by mid-2022 to 23,000 employers that use Fidelity to administer their retirement accounts. Since Fidelity has $11.3 trillion in assets under administration (AUA), making it the largest retirement plan provider in the U.S., this move represents a major milestone in the mainstreaming of crypto.1
Dave Gray, head of workplace retirement offerings and platforms at Fidelity stated: "There is growing interest from plan sponsors for vehicles that enable them to provide their employees access to digital assets in defined contribution plans, and in turn from individuals with an appetite to incorporate cryptocurrencies into their long-term investment strategies." Business software provider MicroStrategy Incorporated (MSTR) reportedly will be the first employer to offer Bitcoin as an investment option in its employee retirement plans.1
KEY TAKEAWAYS Fidelity will offer Bitcoin as an investment option in 401(k) plans starting sometime in mid-2022. How much plan participants can put into Bitcoin will be determined by their employers, but a maximum of 20% is likely. This is likely to give a major boost to the mainstreaming of cryptocurrency. However, the U.S. Department of Labor has "serious concerns" about crypto in retirement plans, due to the high risks. Fidelity Account Details Initial reports indicate that investors in the Bitcoin-eligible retirement plans administered by Fidelity will be able to allocate up to 20% of their accounts to this investment option, although this figure may change. Moreover, the cap on Bitcoin investments will be determined by the employer.23
Fees for Bitcoin-eligible accounts reportedly are planned to range between 0.75% and 0.90% of assets, with the exact amount to depend on the amount invested and the employer. Additional fees, particularly per-trade fees, reportedly also will be charged.23
Mainstreaming Crypto Fidelity's move would allow first-time crypto investors to obtain Bitcoin without having to make a separate account on a crypto exchange. This is likely to become a major boost to acceptance of crypto as an investment alternative. In the subset of retirement plans represented by 401(k) plans, Fidelity held an estimated $2.4 trillion of assets as of 2020, making it the third-largest provider in this segment.2
In November 2021, Fidelity launched the first regulated offering in Canada that offered Bitcoin custody and trading services for institutional investors. Fidelity next launched two publicly traded bitcoin funds in December 2021 on the Toronto Stock Exchange (TSX). In 2022, Fidelity has launched similar products in Switzerland and Germany.2
'Serious Concerns' From Department of Labor In March 2022, the U.S. Department of Labor (DOL) warned that cryptocurrencies were speculative and volatile investments with inflated valuation. The DOL expressed "serious concerns" about providers offering cryptocurrencies in retirement plans. The DOL also stressed that providers must offer adequate information to potential investors about the risks involved in cryptocurrency investing, including the volatile prices and the evolving regulatory environment.2
Role of Microstrategy As noted above, business analytics software provider MicroStrategy reportedly has signed on to become the first employer offering Bitcoin in its 401(k) plans administered by Fidelity. That company holds billions of dollars in Bitcoin, and its founder Michael Saylor is a staunch supporter of cryptocurrency through numerous tweets on the subject.2
submitted by aalawsng to law_Nigeria [link] [comments]
 | submitted by crytoloover to coinmarketbag [link] [comments] |
 | submitted by customnewspk to TradeBusinessNews [link] [comments] |
 | submitted by FurtherAfrica to FurtherAfrica [link] [comments] |
 | submitted by tradeworld24769 to tradeworld24x7 [link] [comments] |
 | Recently resolved/replied complaint issues
https://www.fxgecko.net/en\_US/ https://preview.redd.it/s0qz1qt4ag4a1.png?width=1001&format=png&auto=webp&s=c8cbed5f1a4cb158ea4274055b90417a7fa5f15e Complaints not resolved/no response received
https://www.fxgecko.net/en\_US/ https://preview.redd.it/36cbbgy2ag4a1.png?width=714&format=png&auto=webp&s=9c6fd988e76b1d6f4edd322aa41128f3de21c68a FxGecko reminds you to check the regulatory license, risk alert, customer complaints and service quality of these forex brokers or cryptocurrency exchanges. And stay away from unregulated, low-rated and high-risk trading platforms to avoid potential scams and losses. You can click here to recognize common investment trading scams to avoid being scammed. Click here to see how to check if a broker is safe and what to do if you encounter a scam broker. FxGecko reminds you that you should always be cautious when you come across investment opportunities that promise high returns with little or no risk. These are likely scams. You should "ask, check and confirm" before investing. You can check the regulatory licenses, security scores, customer complaints and other information about global trading platforms at FxGecko to avoid any potential scams. You can also file a complaint against any problematic broker to seek a solution, or expose a scam broker to alert others not to be scammed. When you have any problems submitting a complaint, you can contact FxGecko's customer service on Telegram. (+852 9562 7576, +86 132 5508 1716) Welcome to join HitoRank community, which is regularly updated with information on the Forex market and trading brokers, as well as issues of investor complaints against brokers. Keeping a regular eye here will help you improve your market acumen and avoid common investment scams. |
![[World] - China Vanke’s US$784 million IPO spin-off attracts Temasek, UBS, hedge funds as cornerstone investors](https://external-preview.redd.it/EB5xkupyBoQgNth3XX-aHDEKKLmwFf394uY9pNcQHus.jpg?width=640&crop=smart&auto=webp&s=bf274445454d4a83b1855e39b17b6ee3fd147bf3 "[World] - China Vanke’s US$784 million IPO spin-off attracts Temasek, UBS, hedge funds as cornerstone investors") | submitted by AutoNewsAdmin to SCMPauto [link] [comments] |
| | submitted by swagNextTuber to TrendingQuickTVnews [link] [comments] |
submitted by Main-Inspector-6611 to RevivalGold [link] [comments]
| | submitted by FxGecko to FxGeckoAPP [link] [comments] |
| | submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments] |
 | submitted by FxGecko to HitoRank [link] [comments] |
 | submitted by cfdstraded to FOREXTRADING [link] [comments] |
submitted by TrendingCommenterBot to TrendingReddits [link] [comments]
 | submitted by FXView to FXview [link] [comments] |
 | submitted by FxGecko to HitoRank [link] [comments] |
Binary Options Strategies II - Forex Strategies - Forex Resources - Forex Trading-free forex trading signals and FX Forecast In this post, I’m going to tell you the number 1 reason why I will never trade forex binary options.. So I’m guessing you may be interested in forex binary options trading, that’s why you are reading this or maybe the title of this post caught your attention and ... Understanding exchange rates investopedia Forex / Best binary options broker for withdrawal; Binary option brokers nzymes; Rantatupa invest oysters / Binary trade brokers; Binary option trading blog / Relative parental investment in primates; Market world binary options demo account; Vapor lock binary options ; Forex companies reviews ratings; Iq option program / Binary option traders forums ... Forex magazine trading; Weizmann Forex limited goarmyed; Bial it investment region devanahalli villas; Another simple system / Binary options 0 1 network; Windows xp code 10 fixed return investment; Intermediary bank investopedia Forex; No deposit bonus binary options 2020; Mumbai matka daily chart Forex 2020 / Earn broker Forex Binary Options Trading Requires Very Little Experience. The common misconception is that binary options trading and forex trading can only be done by one that has a certain amount of experience in the area. There is no requirement to have any previous experience in financial trading and with a little time, any skill level can grasp the concept of binary options trading. High Risk Investment Notice: Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. The products are intended for retail, professional, and eligible counterparty clients. Retail clients who maintain account(s) with Forex Capital Markets Limited ("FXCM LTD") could sustain a total loss of deposited funds but are not subject to subsequent payment ... Forex Trading News, Forex Rates, Forex Education, Economic Calendar, Trader concursos,<br />Scam Broker Investigator - Forex & amp; Opções Broker Reviews.<br />30% Bônus de depósito binário 30% Bônus Bônus de depósito de opções Até 444% Receita de lucro com nossas novas Opções Express para a opção binária da Grand Capital Ltd.<br />Opções de Opções Binárias Programa de ... > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > mac cornerstone serial cuivre minerai happy birthday gemini images car craft nationals minnesota 2020 everton last game of season stuffed shells recipe spinach ricotta cheese noc chart 2020 bolje da sam drugu ljubio december 15 republican debate moderators pessebres castellar del valles st augustine city fort administracion matricial definicion espier launcher 7 pro apk free 3d 4d ultrazvuk ... The second quarter winds down in the week ahead as investors are hopeful about the recovery but warily eyeing rising cases of Covid-19 in a number of states. Stocks were lower for the week, as markets reacted to rising cases in Texas, Florida and other states. Investors worry about the threat to the economic rebound as those states move to curb some activities. The S&P 500 is up more than 16% ... Forex-Markt und Indien Indische Forex-Markt ist klein, wenn mit anderen entwickelten Ländern verglichen, aber mit den multinationalen kommenden und neuen Regierungspolitik der Weg der Expansion ist auf ihren neuen Höhen. Die indische Regierung hat nun neue Möglichkeiten eröffnet, diesen Markt zu handeln und zu regulieren. Indien hat großen Anstieg in seinem Forex Umsatz in den letzten ...
[index] [10466] [27353] [17833] [6658] [21863] [8473] [7207] [9419] [4831] [29821]
Practice FOREX - FREE or REAL at: http://www.avatrade.com/?tag=75842 Forex Scams: https://www.youtube.com/watch?v=eTiXEEBIQnI PART 2: https://www.youtube.com... It is very similar to other forms of investing such as forex and stock trading. This is 100% perfectly legal and safe to do. There will be no legal consequences at all if traders trade at options ... Live forex Webinar hosted by Forex.Today. Forex Traders are welcomed to join and ask questions! Do you want me to cover a specific currency pair like EUR/USD... GET 3 FREE OPTIONS TRADING LESSONS https://bit.ly/30oRrWi A large part of successful trading comes from mastering your mind and your thoughts. Sadly, many ... How I Mastered Forex In 1 Year In this video Jay Wayne shows you what it takes to be successful in trading forex. In 1 year he was able to make 15K from a $3... It is very similar to other forms of investing such as forex and stock trading. This is 100% perfectly legal and safe to do. There will be no legal consequences at all if traders trade at options ... "Binary options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page." Reliable Binary Options Broker with a ★Profit of up to 95% ...