Fidelity To Allow Bitcoin Investments In Retirement Plans: Report Today

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Fidelity Investments plans to allow investors to allocate part of their 401(k)s into bitcoin later this year, according to a report by The Wall Street Journal.

Fidelity, which manages employee benefit programs for nearly 23,000 businesses, is set to become the first major retirement-plan provider to allow bitcoin exposure in retirement accounts.

“There is a need for a diverse set of products and investment solutions for our investors,” said Dave Gray, Fidelity’s head of workplace retirement offerings and platforms, per the report. “We fully expect that cryptocurrency is going to shape the way future generations think about investing for the near term and long term.”

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