HOT DEVELOPMENT: And Fidelity Announced the Expected Major Cryptocurrency Development! It Concerns Bitcoin and Two Altcoins!

Fidelity Investments has expanded investors’ access to the digital asset market by launching a new retirement plan that allows direct investment in crypto assets.

The brokerage now offers Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) as investment options for U.S. citizens over the age of 18. These assets will be held by Fidelity and securely stored in a cold wallet. According to the company’s website, the cryptocurrency individual retirement account product (IRA) does not charge any fees and supports investments through Roth IRAs, traditional IRAs, and rollover IRAs.

This latest move reflects the growing trend among financial advisors to include cryptocurrencies in the products they offer. A recent TMX Vetta Fi survey revealed that 57% of financial advisors plan to increase their allocations in cryptocurrency exchange-traded funds, particularly in cryptocurrency equity ETFs.

“Fidelity is committed to providing investment products and solutions, accompanied by education and support, to meet the evolving needs and interests of our clients,” a company spokesperson said in a statement.

According to a source close to the subject, there is increasing demand among Fidelity customers for a tax-advantaged way to trade and hold crypto. Fidelity has already launched several crypto ETFs that allow investors to track digital asset prices without direct exposure. The firm recently took another step in the crypto market by applying to list a Solana ETF on the Cboe Exchange.