Fidelity Investments is expanding its crypto offerings, reflecting a growing interest in digital assets. Investors can now access Bitcoin and Ethereum exchange-traded funds.
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Direct Crypto Exposure Through Fidelity Crypto
Fidelity Crypto allows individual investors to buy and sell digital assets directly through the Fidelity Investments App.
Crypto IRA Options
The Fidelity Crypto IRA enables investors to hold crypto within their retirement accounts, offering exposure to Bitcoin, Ether, and Litecoin.
A Fidelity Crypto IRA works alongside a Fidelity Brokerage IRA. Funds are deposited into the brokerage account and then transferred to the crypto account.
Other Crypto Investment Options
Fidelity also provides access to the Fidelity Wise Origin Bitcoin Fund (FBTC), offering indirect exposure to Bitcoin within brokerage, trust, and IRA accounts.
Fidelity is exploring launching its own stablecoin to facilitate crypto transactions, following trends from BlackRock, Franklin Templeton, and WisdomTree in offering tokenized funds.
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Important Considerations
While Fidelity offers various avenues for crypto investment, it’s crucial to understand the risks involved. Crypto markets are highly volatile, and prices can fluctuate significantly. Thorough research and risk management are essential before investing.
Fees and Costs
Be aware of the fees associated with each investment option. Trading fees, management fees, and other charges can impact your overall returns. Compare Fidelity’s fees with those of other platforms to make informed decisions.
Security Measures
Fidelity implements security measures to protect your digital assets. However, it’s vital to practice good security habits, such as using strong passwords and enabling two-factor authentication, to safeguard your account.
Staying informed about the latest developments in the crypto space and Fidelity’s evolving offerings is key to making sound investment choices.
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