Overview
- Bitcoin has fallen about 50% from its October peak, with roughly $2 trillion in crypto market value wiped out.
- Fiduciary experts say plan sponsors are likely to steer clear of crypto options due to legal risk, arguing 401(k)s should prioritize secure savings over speculation.
- Policy momentum remains a backdrop as President Trump’s August order opened defined-contribution plans to alternative assets and SEC chair Paul Atkins said the time is right to open retirement markets to crypto.
- Crypto-focused retirement provider BlockTrust IRA acknowledged it did not exit positions quickly during the selloff after gathering about $70 million in IRA funds over the past year.
- Some in the industry, including Franklin Templeton’s Robert Crossley, point to on‑chain wallets and tokenized assets as a longer-term route to modernize retirement administration.