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Bitcoin ETFs and Workplace Retirement Plans: DOL Has 'Serious Concerns'
McAfee & Taft Link to more items from this source
Jan. 18, 2024

"Many of the big institutional investment firms that frequently see their products offered in 401(k) plans, like Fidelity and Blackrock, have created bitcoin ETFs, which will make it easier for investment fiduciaries to add these ETFs as an option in workplace retirement plans.... Plan sponsors should fully understand the fiduciary risk before allowing any plan assets (including through a brokerage window) to be invested in crypto -- including the new ETFs -- and expect to be questioned by the DOL about the prudence of the decision"

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