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Fidelity adds Ethereum to IRA investment options for US clients
Fidelity's new initiative will allow its clients to invest in three cryptocurrencies through Individual Retirement Accounts (IRAs), the tax-advantaged retirement accounts primarily used in the US, according to CoinTurk News.
Currently, the service is only available to adult US citizens, though Fidelity may expand the initiative to other countries in the future. Through IRAs, clients can now invest in Bitcoin, Ethereum and Litecoin. Analysts believe this strategic move by Fidelity could attract significant demand and bolster crypto market liquidity.
As CoinTurk News highlights, this initiative underscores Fidelity's commitment to developing investment products that meet changing client preferences.
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