{"id":7235,"date":"2024-02-16T11:34:29","date_gmt":"2024-02-16T16:34:29","guid":{"rendered":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=7235"},"modified":"2024-02-16T11:34:29","modified_gmt":"2024-02-16T16:34:29","slug":"the-problem-with-bitcoin-etfs","status":"publish","type":"post","link":"https:\/\/therosenbaumlawfirm.com\/blog\/?p=7235","title":{"rendered":"The problem with Bitcoin ETFs"},"content":{"rendered":"<p>Until they say otherwise, the Department of Labor (DOL) doesn\u2019t 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).<\/p>\n<p>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\u2019t want to say no, especially when these brokerage accounts are usually used by the plan sponsor\u2019s higher-ups.<\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Until they say otherwise, the Department of Labor (DOL) doesn\u2019t 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 &hellip; <a href=\"https:\/\/therosenbaumlawfirm.com\/blog\/?p=7235\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/7235"}],"collection":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7235"}],"version-history":[{"count":1,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/7235\/revisions"}],"predecessor-version":[{"id":7236,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/7235\/revisions\/7236"}],"wp:attachment":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}