Fidelity Launches Crypto IRA, Offering Direct Investment in BTC, ETH, and LTC
02.04.2025 19:05
Fidelity Investments has introduced a new retirement plan that allows U.S. citizens to invest directly in cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) without incurring fees. This innovative crypto IRA covers traditional, Roth, and rollover options, with assets securely held in cold storage. The move comes as investor demand grows for tax-advantaged ways to hold and trade digital assets, and it coincides with an increase in financial advisors recommending crypto investments. Fidelity, which already offers several crypto ETFs, has also recently filed to list a Solana ETF on the Cboe Exchange, highlighting its broader commitment to integrating crypto into mainstream investment products.
The introduction of the crypto IRA is likely to bolster Bitcoin's adoption as a primary store of value, attracting a new wave of long-term retail and institutional investors. This positive sentiment, combined with its market dominance, may prompt immediate buying interest and sustainable price support over the long term. The absence of fees and enhanced custody solutions further fortify demand, reinforcing historical trends of BTC benefiting from increased institutional participation.
Ethereum is expected to benefit as its versatile blockchain platform attracts more investment through tax-advantaged accounts, ensuring continued relevance in the DeFi and smart contract space. The validation from a reputable institution like Fidelity may drive positive market sentiment, resulting in an immediate uptick in trading volume that translates into longer-term price appreciation, building upon ETH’s historical responsiveness to institutional demand.
Litecoin, while less dominant than BTC and ETH, stands to gain from the increased legitimacy arising from its inclusion in the new IRA. The fee-free, secure investment model could result in a short-term boost as investors diversify their crypto portfolios. However, its market impact may be more muted in the long term unless further institutional interest emerges, leading to moderate but positive price movements.
Sources
Top Today
today / 09:53
Monero Surges 40% After Massive Bitcoin Hack Sparks Liquidity Frenzy
A major hack stealing 3,520 BTC and its conversion to XMR triggered an unusual surge amid limited liquidity in the privacy token.
today / 09:43
XRP Eyes $2.50 as New Demand and Stable Holding Fuel Upward Momentum
New address growth and reduced selling by long-term holders propel XRP's bullish trend amid technical indicators favoring a breakout.
today / 09:27
Ripple’s XRP Soars Amid U.S. ETF Approvals
New ETF approvals drive XRP’s rally, hinting at future spot ETF breakthroughs.