Fidelity Investments has announced that it will allow its clients to invest in Bitcoin and Ethereum through individual retirement accounts starting April 2, 2025. This service enables investors to obtain exposure to these virtual currencies by opening a 'crypto IRA' which Fidelity will manage alongside its other crypto trading services. Additionally, clients will have the option to include Litecoin in their IRAs. As the largest provider of 401(k) accounts in the U.S., Fidelity's move signifies a notable expansion into the cryptocurrency space, where Bitcoin stands at a market cap of $1.7 trillion and Ethereum at $228 billion. The firm has been involved in cryptocurrency for years and is actively testing a stablecoin, although it has no immediate plans to launch it. Fidelity continues to explore various avenues in crypto, supporting institutional investor interests through initiatives like EDX Markets and the Fidelity Wise Origin Bitcoin Fund, which has attracted significant investment inflows.

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