The spot bitcoin ETF race could quickly reach your 401(k) retirement plan
Publishing timestamp: 2023-12-22 08:00:01
Summary
The article discusses the potential approval of spot bitcoin ETFs by the U.S. Securities and Exchange Commission and how it could lead to more companies offering it within their 401(k) plans. It highlights the interest in bitcoin and the potential for retirement savers to gain access to crypto as an asset class. It also mentions the hesitancy of employers to offer crypto in retirement plans and the potential advantages and tax benefits of investing in crypto through retirement accounts. The article concludes by mentioning the possibility of Ether ETFs being approved in the future.
Sentiment: MIXED
Keywords: mutual funds, 401(k) plans, coinbase global inc, bitcoin/usd coinbase, breaking news: investing, investment strategy, bitcoin, cryptocurrency, business news, exchange-traded funds,
Source: https://www.cnbc.com/2023/12/22/the-spot-bitcoin-etf-race-could-quickly-reach-your-401k-plan.html