Mutual fund Fidelity is denying claims that bitcoin can be used in self-directed IRAs (Individual Retirement Accounts) held through the company.
Bitcoins for retirement – if you’re a Fidelity client you can invest your self directed IRA in the Bitcoin Investment Trust. $25k minimum.
— Mary Thompson (@MThompsonCNBC) December 11, 2013
Fidelity responded via twitter that it was not offering bitcoin investment through its platform.
Claims in @MarketWatch’s article are inaccurate. Bitcoin investing is not currently available through our retail platform, including IRAs.
— Fidelity Investments (@Fidelity) December 12, 2013
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.
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