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Spot Bitcoin ETFs Could Be an Attractive Choice for Retirement Plans - Koin Newsletter

Spot Bitcoin exchange-traded funds (ETFs) can be an attractive investment option for people who are saving for retirement.

A statement issued by the U.S. Department of Labor stated that the department has “serious concerns” about 401(k)** retirement plans that invest directly in cryptocurrencies.

Joshua Rubin, vice president of legal at Betterment, thinks spot Bitcoin ETFs could address the department’s concerns about custody and valuation.

People in the U.S. who are saving for retirement are now working with service providers such as Bitcoin IRA, BitIRA, iTrustCapital to invest directly in cryptocurrencies.

Experts believe that once exchange-traded funds are approved, many more organizations will provide services in this field** Steven Larsen, founder of Defi Steward, said, “When these come out, they’re going to be everywhere. This is a great thing for people who want exposure to Bitcoin as a class of people.” *Said.

Investing in cryptocurrencies as part of a pension plan is expected to provide a tax advantage as well.

Investors who sell from a retirement account can avoid paying taxes at the time of the sale. According to Mark Parthemer, chief strategist at management firm Glenmede, people who sell from a regular broker’s account may have to pay an “appreciation tax” at the time of the sale.

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