Fidelity Expands into Cryptocurrency with Fidelity Crypto for IRAs

The leading financial services firm has launched a new product enabling investors to directly invest in digital assets within their retirement accounts

Financial services firm Fidelity Investments has expanded its cryptocurrency offerings with the launch of Fidelity Crypto for IRAs, enabling investors to directly invest in digital assets within their retirement accounts.

Announced on April 2, 2025, this move expands upon Fidelity's existing institutional crypto endeavors, initiated in 2018 with the establishment of its digital assets division.

This new offering, catering to U.S. adults aged 18 and over in eligible states, allows for investing in Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) through Roth, traditional, or rollover IRAs.

The firm explained that the product is designed for investors who have a high risk tolerance and are comfortable making investment decisions independently.

Highlighting the product's features, there are no account fees for opening and maintaining the account, and transaction fees involve a 1% spread applied to the execution price of crypto buy and sell transactions.

Most cryptocurrencies are held in digital wallets that are not connected to the internet, ensuring robust security standards, the firm noted.

The product is currently available in most states but excludes California and Oregon.

At the time of the launch, Bitcoin had a market capitalization of approximately $1.7 trillion, ranking it among the top cryptocurrencies. Meanwhile, Ethereum’s market cap was around $250.1 billion, and Litecoin ranked among the top 20 cryptocurrencies.

The firm's learning center provides clients with articles, podcasts, webinars, and on-demand education tailored to both beginners and advanced investors.

To navigate the crypto market, clients can also subscribe to the firm's "Decode Crypto" newsletter and view its "Covering Crypto Livestream."

Fidelity is also reportedly exploring other innovations in the crypto space, such as testing a stablecoin through its digital assets arm. However, as of April 2025, the firm has not confirmed these efforts publicly, and details are limited.

Moreover, the firm reportedly submitted a proposal to the SEC for a blockchain-based U.S. dollar money market fund, further showcasing its dedication to tokenized assets.