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No, You Can’t Invest in Bitcoin Through Fidelity’s IRAs

Friday 13th, December 2013 / 13:34

Mutual fund Fidelity is denying claims that bitcoin can be used in self-directed IRAs (Individual Retirement Accounts) held through the company.

On Wednesday, CNBC and MarketWatch both reported that Fidelity‘s investors could choose to invest funds in the Bitcoin Investment Trust (BIT). However, Fidelity was quick to deny the reports.

 

 

Fidelity responded via twitter that it was not offering bitcoin investment through its platform.

 

 

BIT was launched in September by SecondMarket, who teamed up with several other self-directed IRA providers to allow investors a straightforward way to make IRA investments in bitcoin.

BIT claims to currently have net assets of $58.8m.

Piggy Bank image via Shutterstock

View No, You Can’t Invest in Bitcoin Through Fidelity’s IRAs on CoinDesk.

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