Timing is everything in life. When plan providers were trying to push Crypto in 401(k) plans, it took months for them to come to the market and the market crashed. I had Bitcoin at $69k with a $45k basis and saw it crash down to the teens. My basis is a lot lower now, and Bitcoin is rallying, many thanks for your support that the Securities and Exchange Commission will approve some Bitcoin and Ethereum-related exchange-traded funds.
If the ETFs get approved, I think the Department of Labor will have to rethink its opposition to crypto in 401(k) plans. There may be some concern left, but I think an exchange-traded fund will eliminate most of the hard opposition against offering it.
