Seems like the news that Fidelity Investments allowing clients to put bitcoins in IRAs is short-lived. The company came out today and said that, in fact, is no longer the case.
“On an individual basis, we allowed an investor to invest in that Bitcoin Investment Trust,” public relations officer at Fidelity Rob Beauregard said. “We are no longer allowing that.”
If anything, this seems to be a decision that wasn’t passed through the company board. “We’re not commenting right now on why that was first allowed,” said Beauregard.
Clearly, someone at the top disapproved and axed the feature. As to whether or not it will ever happen in the future? Beauregard says that “There are reviews going on, and we’ll make a decision at a later date. At this time, it is not available on our retail platform.”
SecondMarket, who has partnered with Fidelity, says accredited investors can still invest in Bitcoin for IRAs via the Bitcoin Investment Trust. (via MarketWatch)