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The long-awaited exchange-traded fund for spot bitcoin became available to investors on Jan. 11. Previously, bitcoin exposure was limited to direct asset custody in a digital wallet, Chicago Mercantile Exchange futures contracts or open-ended private trusts, all offering various pros and cons.
Should defined contribution retirement plan portfolios include cryptocurrency? The short answer is: Not yet. We believe it's too soon to take a chance on this volatile new investment option, but that could change over time.
It is important for fiduciaries to realize they are designing an investment lineup for participants with a wide range of investment experience. Ideally, they want to provide enough options to allow a participant to diversify, and yet not overwhelm or confuse them with multiple or overlapping investment options. Read this whitepaper for a our four-step process for constructing an optimal investment menu that fosters ERISA compliance and provides desirable investment choices for plan participants.
