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Bitcoin Funds Set New Precedent for Crypto 401(k), IRA Investing

Bitcoin Funds Set New Precedent for Crypto 401(k), IRA Investing


The SEC’s recent decision allowing several US exchanges to list spot bitcoin funds threatens to upset a careful regulatory balance that has historically shielded retirement savers from cryptocurrency volatility and its potential for manipulation.

January’s omnibus approval order (SEC Release No. 34-99306), which followed an appeals court ruling in 2023 overturning the agency’s prior disapproval, has the potential to legitimize retail cryptocurrency investing, opponents and advocates agree.

The ruling may allow Wall Street-backed bitcoin-linked products to begin appearing in investors’ personal retirement savings vehicles or workplace 401(k)s, and could put pressure on other federal regulators to loosen their …



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