Until they say otherwise, the Department of Labor (DOL) doesn’t want to see crypto in 401(k) plans. I think the door for Bitcoin in 401(k) plans opens a little bit because the ETFs will probably smooth over the volatility of Bitcoin and issues regarding cyber theft (since Bitcoin directly, gets stashed in a virtual wallet).
The problem is until the DOL changes its mind, what do you do with participants who have self-directed brokerage accounts and want access to ETFs? Do you restrict access? I would, but the problem is most plan sponsors don’t want to say no, especially when these brokerage accounts are usually used by the plan sponsor’s higher-ups.
