401(k) participants may be able to invest part of their 401(k) account balance directly into the CoinDesk Market Select Index (CMIS) under an arrangement by ForUsAll and CoinDesk Inc.
By expanding the investment options to include the CMIS, 401(k) participants will now be able to invest in its 28 underlying index coins. The CMIS includes better-known cryptocurrencies such as bitcoin, Ethereum, and litecoin as well as many lesser-known coins. While Crypto, including Bitcoin, have rebounded, they are well off their highs and the Department of Labor still is against their use in 401(k) plans.
