$13B CUSTODIAN LAUNCHES RETIREMENT ACCOUNT SUPPORTING BITCOIN
Imagine securing your financial future while participating in the revolutionary world of cryptocurrency.Kingdom Trust, a leading custodian managing over $13 billion in assets, has made this a reality by launching a retirement account that supports Bitcoin alongside traditional investments.This innovative product, called Choice, allows investors to hold stocks, ETFs, and digital assets within a single retirement portfolio. To make the launch more appealing, BlackRock is offering a temporary fee discount of 0.15%, valid until the end of 2025. This makes IB1T one of the most affordable Bitcoin ETPs at launch. After the promotional period, the fee will increase to 0.25%, the same as CoinShares $1.3 billion Bitcoin ETP, which is currently the largest in Europe.This marks a significant step toward mainstream adoption of cryptocurrency within established financial systems.The move not only caters to the growing demand for digital asset exposure but also provides a regulated and secure pathway for retirement savings. Kingdom Trust, a regulated custodian managing over $13 billion in assets, has launched a retirement account supporting both Bitcoin and legacy assets. Kingdom Trust, a South Dakota-based financial custodian that manages more than $13 billion in assets, has launched a retirement account that supports legacy, alternative, and crypto assets. The launch of the account Choice, MoreWith over 100,000 retirement accounts already under its belt, Kingdom Trust is positioned to significantly impact how individuals approach retirement planning in the digital age.It is estimated that there are 7.1 million Bitcoin holders under Kingdom Trust, however, less than 1% of those users are holding Bitcoin and other assets in the same account.Further, less than 0.02% of total US retirement assets are exposed to Bitcoin.
What is the Choice Retirement Account?
The Choice retirement account is a self-directed IRA platform offered by Kingdom Trust. Kingdom Trust, a South Dakota-based financial custodian that manages more than $13 billion in assets, has launched a retirement account that supports legacy, alternative, and crypto assets. TheIt allows investors to diversify their retirement savings beyond traditional assets, incorporating Bitcoin (BTC) and other cryptocurrencies.This means individuals can potentially benefit from the growth of the digital asset market while enjoying the tax advantages of a retirement account.The product’s innovative structure provides a seamless experience for those seeking to integrate cryptocurrency into their long-term financial plans.
Kingdom Trust's Acquisition of Choice Holdings
The launch of the Choice account follows Kingdom Trust's strategic acquisition of Choice Holdings, a digital asset-focused retirement account built by veterans of CoinShares.This acquisition underscores Kingdom Trust's commitment to expanding its crypto offerings and catering to the evolving needs of investors.By integrating Choice Holdings' expertise and technology, Kingdom Trust has created a robust platform that simplifies the process of including digital assets in retirement portfolios.
Why Choose a Bitcoin Retirement Account?
There are several compelling reasons why investors might consider a retirement account that supports Bitcoin:
- Diversification: Bitcoin's low correlation with traditional assets can provide portfolio diversification and potentially reduce overall risk.
- Growth Potential: Bitcoin has demonstrated significant growth potential, offering the opportunity for substantial returns over the long term.
- Tax Advantages: Retirement accounts offer tax-deferred or tax-free growth, allowing investors to maximize their returns.
- Inflation Hedge: Some investors view Bitcoin as a hedge against inflation, as its supply is limited.
Kingdom Trust: A Custodian You Can Trust
Kingdom Trust is a regulated custodian with a proven track record of managing assets.With over $13 billion in assets under custody and more than 100,000 retirement accounts, Kingdom Trust provides a secure and reliable platform for holding both traditional and digital assets.The South Dakota-based custodian adheres to strict regulatory standards, ensuring the safety and security of its clients' investments.
How Does Choice Work?
The Choice platform offers a user-friendly interface that allows investors to easily buy, sell, and hold Bitcoin and other assets. at UTCUpdated at UTCPierre, South Dakota (Credit: Shutterstock) Focus on Retirement : Crypto Custodian Rolls Out Hybrid IRA OfferingDigital asset custodian Kingdom Trust is offering investors a single retirement account for traditional and digital assets. Called Choice, the South Dakota-based custodian is offering a self-service retirement platformHere's a step-by-step overview:
- Open an Account: Create a Choice retirement account through Kingdom Trust.
- Fund Your Account: Transfer funds from an existing retirement account or contribute new funds.
- Buy Bitcoin: Use the Choice platform to purchase Bitcoin directly.
- Hold and Manage: Securely hold your Bitcoin within the Kingdom Trust custody.
- Diversify: Add other assets like stocks and ETFs to create a diversified retirement portfolio.
The Significance of Institutional Adoption
Kingdom Trust's launch of Choice represents a significant step towards the institutional adoption of Bitcoin.By providing a regulated and accessible pathway for retirement savings, Kingdom Trust is helping to bridge the gap between the traditional financial world and the emerging digital asset market. $13B Custodian Launches Retirement Account Supporting Bitcoin Kingdom Trust, a regulated custodian managing over $13 billion in assets, has launched a retirement account supporting both Bitcoin and legacy assetsThis move could pave the way for other institutions to offer similar products, further accelerating the mainstream adoption of cryptocurrency.
Addressing Concerns About Bitcoin Volatility
One of the primary concerns about investing in Bitcoin is its volatility. Skip to main content Bitcoin Insider. MenuWhile Bitcoin has the potential for significant returns, it's also prone to price swings. Bitcoin's Puell Multiple soared, but was yet to flash red flag on valuation from a BTC miners' perspective.Here are some strategies to mitigate the risks associated with Bitcoin volatility:
- Long-Term Perspective: View Bitcoin as a long-term investment, rather than a short-term trading opportunity.
- Dollar-Cost Averaging: Invest a fixed amount of money in Bitcoin at regular intervals, regardless of the price.This can help smooth out volatility over time.
- Diversification: Allocate a small percentage of your retirement portfolio to Bitcoin, and diversify the rest across other asset classes.
- Stay Informed: Keep up-to-date with the latest news and developments in the cryptocurrency market.
Spot Bitcoin ETFs and Their Impact
The recent approval and launch of spot Bitcoin ETFs have further legitimized Bitcoin as an investment asset. Bitcoin miners have sold over $13B worth of BTC in December, reducing the miner balance to 1.95M coins. Despite the sell-off, the Puell Multiple suggests that Bitcoin is not overvalued yet. Bitcoin [BTC] miners have been actively selling their holdings since the cryptocurrency crossed the $100K mark.These ETFs provide investors with a convenient and regulated way to gain exposure to Bitcoin without directly holding the cryptocurrency.The success of spot Bitcoin ETFs, with billions of dollars in inflows since their launch, demonstrates the growing demand for Bitcoin among institutional and retail investors.
BlackRock's Role in Bitcoin Adoption
BlackRock, one of the world's largest asset managers, has played a significant role in driving Bitcoin adoption through its iShares Bitcoin Trust (IBIT). Kingdom Trust, a South Dakota-based financial custodian that manages more than $13 billion in assets, has launched a retirement account that supports legacy, alternative, and crypto assets. The launch of the account Choice, follows the acquisition of Choice Holdings a digital asset-focussedIBIT has attracted substantial inflows, making it one of the most successful spot Bitcoin ETFs.BlackRock's involvement has provided a level of credibility and institutional support to Bitcoin, further bolstering its mainstream appeal. Spot Bitcoin ETFs, which hold actual Bitcoin to closely mirror its market price, though minor tracking errors can arise from fees or custodial costs. Bitcoin Futures ETFs, which invest in futures contracts betting on Bitcoin s future price, often leading to price discrepancies due to market dynamics like contango or backwardation.BlackRock also has a significant presence in the European crypto market with over 40% market share.
The Future of Bitcoin in Retirement Planning
As the cryptocurrency market continues to mature and regulations become clearer, we can expect to see even greater integration of Bitcoin into retirement planning. 25 subscribers in the mrcryptolive community. Mr Crypto publish live cryptocurrency prices along with constantly updated statistics.More financial institutions will likely offer products and services that cater to the growing demand for digital asset exposure. This website is for Private Investors only. I am a private investor I am not a private investor I am not a private investorThis trend will empower individuals to take control of their financial futures and potentially benefit from the growth of the cryptocurrency market.
Potential Regulatory Changes
The regulatory landscape surrounding cryptocurrency is constantly evolving. Welcome to Day 3 of Bitcoin 2025 streaming LIVE from Las Vegas, NV! Today we go global, philosophical, and institutional. With appearances from SECIt's important for investors to stay informed about potential regulatory changes that could impact their Bitcoin investments.Clear and consistent regulations will be crucial for fostering the continued growth and adoption of Bitcoin in the retirement planning space.
Comparing Bitcoin Retirement Accounts to Traditional IRAs
While traditional IRAs offer a straightforward way to save for retirement, they typically lack the ability to invest in alternative assets like Bitcoin.Bitcoin retirement accounts, such as Choice, provide investors with the flexibility to diversify their portfolios and potentially achieve higher returns. Digital asset custodian Kingdom Trust is offering investors a single retirement account for traditional and digital assets. Called Choice, the South Dakota-based custodian is offering a self-service retirement platform where investors can buy, sell or hold stocks, exchange-traded funds (ETFs) and digital assetsHowever, it's important to carefully consider the risks and benefits of each type of account before making a decision. Automated Retirement Savings Prove Easy to Pluck Prematurely First Company-Sponsored Bitcoin Retirement Plans Launched In US $13B Kingdom Trust Custodian Launches Retirement Account SupportingHere's a breakdown of the key differences:
- Investment Options: Traditional IRAs typically offer a limited range of investment options, such as stocks, bonds, and mutual funds.Bitcoin retirement accounts offer the ability to invest in Bitcoin and other cryptocurrencies.
- Risk: Bitcoin investments are generally considered to be riskier than traditional investments.
- Potential Returns: Bitcoin has the potential for higher returns than traditional investments, but also carries a higher risk of loss.
- Tax Implications: Both traditional IRAs and Bitcoin retirement accounts offer tax advantages, but the specific tax implications may vary depending on the type of account.
Frequently Asked Questions (FAQs) About Bitcoin Retirement Accounts
What are the tax implications of investing in Bitcoin within a retirement account?
The tax implications of investing in Bitcoin within a retirement account depend on the type of account. Main Points: MOEX launches Bitcoin futures contracts linked to BlackRock s IBIT ETF, offering Russian qualified investors new access to BTC exposure. Russian regulatory changes empower financial institutions to offer crypto derivatives and structured products to qualified investors. Sberbank s introduction of Bitcoin-structured notes and future plans for crypto-linked financial instrumentsIn a traditional IRA, contributions are tax-deductible, and earnings grow tax-deferred. Business Support Services. Kingdom Trust Nominates Fidelity Digital Assets For Bitcoin Custodian of Its Choice IRA's $13B Custodian Launches RetirementIn a Roth IRA, contributions are not tax-deductible, but earnings are tax-free upon withdrawal.Consult with a tax professional to determine the best course of action for your individual circumstances.
What are the fees associated with a Bitcoin retirement account?
The fees associated with a Bitcoin retirement account can vary depending on the custodian and the platform. Institutional demand for U.S. Bitcoin exchange-traded funds (ETFs) has significantly increased, with American institutions acquiring $13 billion worth of spot Bitcoin ETF shares since January. According to Form 13F filings, 1,179 institutions have accumulated 193,064 BTC in the last 10 months.Some custodians charge a flat annual fee, while others charge a percentage of assets under management.Be sure to carefully review the fee structure before opening an account.
Is my Bitcoin safe in a retirement account?
When choosing a custodian for your Bitcoin retirement account, it's important to select a regulated and reputable provider.Kingdom Trust, for example, is a regulated custodian with a proven track record of managing assets. The company manufactures satellites, space capsules (like the CST-100 Starliner), and provides launch support. Boeing is also part of United Launch Alliance (ULA) a joint venture with Lockheed Martin which provides satellite launches using rockets like the Atlas V.Ensure the custodian employs robust security measures to protect your Bitcoin from theft or loss.
Can I transfer my existing retirement account to a Bitcoin retirement account?
Yes, you can typically transfer your existing retirement account to a Bitcoin retirement account through a direct rollover or a trustee-to-trustee transfer.This allows you to maintain the tax advantages of your retirement savings while gaining exposure to Bitcoin.
Conclusion: Embracing the Future of Retirement Planning
Kingdom Trust's launch of the Choice retirement account marks a significant milestone in the integration of Bitcoin into mainstream finance.By providing a regulated and accessible pathway for investing in Bitcoin within a retirement account, Kingdom Trust is empowering individuals to diversify their portfolios and potentially benefit from the growth of the digital asset market.While Bitcoin investments carry risks, the potential rewards and the increasing institutional adoption of Bitcoin make this a compelling option for those seeking to embrace the future of retirement planning.Remember to conduct thorough research, understand the risks involved, and consult with a financial advisor before making any investment decisions.The launch of this account called, Choice, followed the acquisition of Choice Holdings a digital asset-focused retirement account, built by CoinShare veterans.Kingdom Trust already backs more than 100,000 retirement accounts and custodies over 20,000 assets including Bitcoin (BTC).The future of retirement investing is here, and Bitcoin is playing an increasingly important role.
Comments