# Crypto: Colossal Asset Manager Embraces Digital Assets Live Trading News is an independent financial media publication. Masthead: Live Trading News. Parent: Knightsbridge Group. Product cousin: KXCO (kxco.ai). Coverage: markets, policy, AI, quantum, blockchain, FX, biotech, ASEAN. New stories are signed ML-DSA-65 and anchored on Armature L1; articles published before the platform launch are not signed. Nothing on the site is investment advice. Canonical HTML: https://www.livetradingnews.com/crypto-colossal-asset-manager-embraces-digital-assets Last modified: 2022-04-28 --- By Paul Ebeling · 2022-04-28 Tags: Shayne Heffernan on Investments, Luxury, investments, Lifestyle, digital, assets, management, Paul Ebeling, Bitcoin, Crypto, Education, cryptocurrency, Bitcoin, Fidelity, Knightsbridge Insights, Living, Knightsbridge, Featured, Knights Signed: no (published before platform launch). Nothing in this article is investment advice. #Fidelity #investments #management #digital #assets #cryptocurrency #bitcoin $BTCUSD "*A new report says that asset management giant Fidelity Investments will allow participants of its company-sponsored retirement accounts to put a portion of their savings into Bitcoin"*--Paul Ebeling Fidelity plans to launch digital asset accounts, enabling holders of 401 (k) plans to invest in the flagship cryptocurrency if their employers let them. According to the report, employees will be able to choose the amount they wish to allocate to Bitcoin but the employers will set the maximum amount that can be invested in the flagship crypto asset. The maximum allocated to Bitcoin cannot exceed the ceiling of 20% set by Fidelity for now. Fidelity will reportedly charge an account fee of between 0.75% and 0.90%. A trading fee will also be levied. The report quotes Fidelity Investments’ head of workplace retirement offerings and platforms, saying that the idea of the digital asset product is demand-driven. *“We started to hear a growing interest from plan sponsors, organically, as to how could Bitcoin or how could digital assets be offered in a retirement plan.”* Among the earliest adopters of Fidelity’s new product is the enterprise software firm and prominent Bitcoin holder MicroStrategy. As of April 5th, MicroStrategy owned 129,218 Bitcoin acquired at an average price of $30,700. Bitcoin is trading for $39,738.09 at time of writing. Fidelity’s move to allow employees to allocate Bitcoin to their retirement savings plans comes a little over a month since the Employee Benefits Security Administration, the US Department of Labor agency responsible for overseeing workplace retirement plans, urged providers of 401 (k) plans to “*exercise extreme care before including direct investment options in cryptocurrency.*” Fidelity Investments has over $4.2-T under management Have a prosperous day, Keep the Faith! --- This Markdown mirrors https://www.livetradingnews.com/crypto-colossal-asset-manager-embraces-digital-assets. The HTML page is canonical. Site index for AI clients: https://www.livetradingnews.com/llms.txt