FIDELITY BITCOIN FUND
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FIDELITY BITCOIN FUND
Here is an article showing how Fidelity is now allowing a Bitcoin fund in US IRA (prov fund) accounts. Will we have that option? (copied from Zerohedge.com)
Fidelity Now Allowing Bitcoins In IRAs
Submitted by Tyler Durden on 12/11/2013 19:01 -0500
We are sure this will all end well... but as Marketwatch reports, Fidelity has partnered with SecondMarket’s Bitcoin Investment Trust to allow its clients to save for their retirement by putting the virtual currency in self-directed IRAs.
Via Marketwatch,
“If you are a Fidelity client, you can now invest in the Bitcoin Investment Trust through an IRA,” said Barry Silbert, chief executive of SecondMarket, in an interview.
...
MarketWatch previously reported that SecondMarket had teamed up with self-directed IRA providers PENSCO, Entrust and Equity Institutional to allow investors to save for retirement with bitcoin.
Fidelity is the largest and most well-known company that SecondMarket has teamed up with for this, Silbert said, adding that he hopes to add a few more providers soon.
How long until other larger pension funds demand access (via mandate changes) to the cryto-currency? This evening's comments from CALSTRS CIO:
Implies he needs to be "saving" to fund his liabilities in more than simple old stocks...
Is Bitcoin the great white hope for the nation's under-funded pension schemes?
Fidelity Now Allowing Bitcoins In IRAs
Submitted by Tyler Durden on 12/11/2013 19:01 -0500
We are sure this will all end well... but as Marketwatch reports, Fidelity has partnered with SecondMarket’s Bitcoin Investment Trust to allow its clients to save for their retirement by putting the virtual currency in self-directed IRAs.
Via Marketwatch,
“If you are a Fidelity client, you can now invest in the Bitcoin Investment Trust through an IRA,” said Barry Silbert, chief executive of SecondMarket, in an interview.
...
MarketWatch previously reported that SecondMarket had teamed up with self-directed IRA providers PENSCO, Entrust and Equity Institutional to allow investors to save for retirement with bitcoin.
Fidelity is the largest and most well-known company that SecondMarket has teamed up with for this, Silbert said, adding that he hopes to add a few more providers soon.
Implies he needs to be "saving" to fund his liabilities in more than simple old stocks...
Is Bitcoin the great white hope for the nation's under-funded pension schemes?
