EUR/USD 1.16173
0.065%
Gold 4444.45
-0.686%
Oil 91.022
0.021%
USD/JPY 159.945
-0.047%
GBP/USD 1.34285
0.037%
GBP/JPY 214.787
-0.011%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Japanese Prime Minister Sanae Takaichi: Ensuring fiscal capacity is an important issue.Japanese Prime Minister Sanae Takaichi: We will clearly define the goal of reducing the debt-to-GDP ratio.Hong Kong-listed AI application stocks continued to decline, with MINIMAX-W (00100.HK) falling more than 13%, Zhipu (02513.HK) falling more than 9%, and Xunze (03317.HK) and WeRide-W (00800.HK) following suit.The Russian Ministry of Defense stated that Russian air defense forces shot down 123 Ukrainian drones over the past night in areas including Voronezh Oblast, Kaluga Oblast, Nizhny Novgorod Oblast, the Moscow region, and Crimea.On June 5th, it was reported that Toyota has halted the development of the Lexus LF-ZC all-electric sedan. Originally planned for production at Toyotas Tahara plant in Japan by the end of 2026, the LF-ZC was postponed to mid-2027, and now it has been suspended. A Toyota China representative responded, "The suspension of this models development is mainly due to changes in market demand. This is part of the companys overall vehicle development project adjustments, but it does not mean the company has abandoned BEVs (battery electric vehicles)." Industry insiders believe this adjustment stems from changes in electric vehicle policies in the US and Europe. For example, the US has eliminated the $7,500 federal tax credit for new electric vehicles; the EU has withdrawn its policy of banning the sale of internal combustion engine vehicles by 2035 in principle. Another factor is increased market competition, especially given the clear advantage Chinese brands have over Japanese automakers in the new energy vehicle sector.

Fidelity To Offer Digital Asset Investment as Part of Retirement Plans

Cory Russell

Apr 27, 2022 10:14

Fidelity will soon allow customers to invest in Bitcoin as part of their retirement plans.


The company also introduced a crypto payments ETF and a Metaverse ETF this month.


In the European market, the business has launched the world's lowest Bitcoin ETP.


Most people choose to put their money into safe options that are government regulated, centrally held, and stem from classic finance options when it comes to investment plans.


The mainstreaming of cryptocurrencies into the financial sector has changed that, with organizations like Fidelity now selling cryptocurrency for investment to the general public.

Before You Retire, Invest in Bitcoin

Fidelity Investments, the largest provider of 401(k) plans in the United States, has announced that it will soon provide the option of investing in Bitcoin and, eventually, other cryptocurrencies. However, the decision is made at the discretion of the employers.


"We started to hear a rising interest from plan sponsors, organically, as to how could Bitcoin or how could digital assets be offered in a retirement plan," Dave Gray, the Head of Workplace Retirement Offerings and Platforms at Fidelity Investments, said in an interview with The New York Times.


As a result, they introduced this option, allowing individuals to invest directly in Bitcoin and other assets without having to create a separate account on a cryptocurrency exchange.


However, Fidelity will charge between 0.75 percent and 0.9 percent in fees for each Digital Asset Account. Furthermore, a new trading fee will be applied, which the business has not yet disclosed but is expected to be "competitively priced."


MicroStrategy has already signed up for this service, according to Gray, the largest public Bitcoin holder, which isn't surprising given that Michael Saylor is essentially establishing the company on the back of Bitcoin.


This news follows Fidelity's revelation that it is attempting to make inroads into the crypto market with its offerings.


Fidelity International has announced the debut of its spot Bitcoin exchange-traded product (ETP) in Europe, which is also the world's cheapest Bitcoin ETP, with a total expense ratio (TER) of 0.75 percent.


Fidelity Investments recently developed a Crypto Industry and Digital Payments ETF (FDIG) and a Metaverse ETF (FMET) to appeal to a younger audience.

Suggestion