Crypto Retirement: US Investment Firm Launches Employer-Sponsored Bitcoin 401...
The U.S.-based company Digital Asset Investment Management (Daim) has announced the launch of a company-sponsored 401(k) retirement plan that allocates up to 10% in bitcoin. The plan is an ERISA compliant employer-sponsored 401(k) and assets are held in institutional-grade cold storage by leveraging the custodian Gemini Trust. During the last few years, investors have been able to leverage a digital currency retirement plan in the form of an IRA. For instance, the company Bitcoinira helps people invest in cryptocurrencies like BTC, BCH, ETH, and LTC with the firm’s....
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DAiM has launched the United States’ first employer-sponsored retirement plans that support investments in Bitcoin. U.S.-based asset manager, Digital Asset Investment Management (DAiM), has launched the country’s first employer-sponsored 401(k) retirement plans supporting Bitcoin.According to a Nov. 19 announcement, DAiM will serve as the advisor and fiduciary in helping companies “create a 401(k) plan that offers several recommended model portfolios of varying risk to traditional assets and allocation of up to 10% to Bitcoin.”The BTC will be held in cold storage by Gemini Trust, allowing....
Pension funds are looking to crypto investments despite the recent market sell-off. United States-based retirement plan provider, ForUsAll, is joining forces with Coinbase to allow clients to invest up to 5% of their portfolio assets in cryptocurrencies.The pension provider, which primarily serves small-to-medium-sized businesses, is working to offer exposure to more than 50 cryptocurrencies in a product called Alt 401(k).The firm’s co-founder and chief investment officer, David Ramirez, acknowledged concerns regarding offering crypto products in pension portfolios due to their volatility,....
The multinational financial services corporation based in Boston, Fidelity Investments, has revealed the firm is allowing people to add bitcoin into their 401(k) plan as long as the employer allows it. According to Fidelity’s head of workplace retirement offerings, the company has seen “growing interest from plan sponsors” that wanted to add bitcoin to retirement plans.
Fidelity Is Giving Workers the Ability to Add Bitcoin to Their 401(k) Plan
Fidelity Investments, the largest 401(k) plan provider in the United States, is now allowing people to add bitcoin....
A group of U.S. Senator addressed a letter to Abigail Johnson, CEO of investment firm Fidelity, regarding its Bitcoin retirement plans. The document was signed by Senators Elizabeth Warren, Richard Durbin, and Tina Smith. Related Reading | Crypto Futures Market Sees $400m Flushed As Bitcoin Breaks $23k The investment firm launched its Bitcoin-based 401 (k) plans […]