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.
Solactive AG launches MLP bond index, and SunGard introduced a fiduciary review tool.
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.