Top Portfolio Products: Pensco Expands Bitcoin Investments in IRAs

Pensco Expands Bitcoin Investment Options in Self-Directed IRAs

Pensco Trust Co. has announced that it will be expanding options in self-directed IRAs to invest in bitcoin. This comes in the wake of an IRS ruling that bitcoin will be subject to capital gains taxes.

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Pensco clients can now establish a legal entity such as an LLC, and invest in bitcoin through that entity using their retirement funds. Pensco is currently evaluating other methods to allow self-directed investors and advisors to gain exposure to bitcoin.

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