Bitcoin – Aviva and Cantor Fitzgerald offer pension punts on bitcoin | Ireland
Investors can now bet their pensions on cryptocurrency, as Cantor Fitzgerald and Aviva have teamed up to offer a facility for tracking bitcoin, whose value has risen fourfold since March to reach an all-time high of over $23,000 (€18,500) before Christmas.
Rather than investing directly in the digital currency, access is through an exchange-traded fund (ETF) listed on the Deutsche Börse, which tracks its price. This avoids the need for a cryptocurrency wallet to store the bitcoin. Pension investors can trade by buying and selling shares in the ETF through Cantor Fitzgerald.
“A self-directed customer can invest in a range of investments via their pension and a trading account with Cantor Fitzgerald,” Aviva said. “The customer must satisfy certain requirements before they can invest. While