Fidelity Allows Investors to Invest Directly in BTC, ETH, LTC Through New IRA Plan

Fidelity Allows Investors to Invest Directly in Cryptocurrency Through New IRA Plan

According to a source familiar with the situation, the brokerage company's clients are increasingly showing interest in tax-advantaged ways to trade and store cryptocurrencies.

Helen Brown | Edited by Nikhilesh De Updated April 2, 2025, 16:16 UTC Published April 2, 2025, 15:35 UTC

Key points:

• Fidelity has introduced a no-fee cryptocurrency IRA that allows U.S. adults to invest in Bitcoin, Ethereum, and Litecoin.
• The pension product comes amid growing interest from clients in tax-advantaged cryptocurrency investments.
• According to a survey by TMX Vetta Fi, financial advisors are showing increased interest in crypto ETFs, with most of them leaning toward investing in crypto stocks.

On Wednesday, Fidelity Investments announced an IRA plan that provides direct investment in cryptocurrency, giving investors a new way to tap into the asset class.

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The brokerage firm offers bitcoin (BTC), ethereum (ETH), and litecoin (LTC) to any U.S. citizen over the age of 18. The assets are held in Fidelity Digital Assets and are kept in a cold wallet. The cryptocurrency IRA product has no fees, and clients can invest in a Roth IRA, traditional IRA, or rollover IRA, according to Fidelity’s website.

The new product comes amid growing interest in cryptocurrency among financial advisors. A recent survey from TMX Vetta Fi found that 57% of advisors intend to increase their investments in crypto ETFs, although they are primarily focused on crypto stock ETFs.

“Fidelity is committed to providing investment products and solutions that meet the evolving needs and interests of our clients, as well as providing them with education and support,” a company spokesperson told CoinDesk.

According to a source familiar with the matter, the brokerage firm's clients are increasingly interested in tax-advantaged ways to trade and store cryptocurrencies.

Fidelity already offers a number of crypto exchange-traded funds that allow investors to track the price of digital assets without having to invest in them directly. The company recently applied to list the Solana ETF on Cboe.

UPDATE (April 2, 16:15 UTC): Corrected first paragraph to indicate the plan was submitted on Wednesday, not Thursday, and clarified that the assets are in the custody of Fidelity Digital Assets.

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