Fidelity launches ”individual retirement account” that allows investors to invest in cryptocurrencies with almost no fees

Fidelity, the $5.9 trillion financial services company, is launching an Individual Retirement Account (IRA) that allows Americans to invest in cryptocurrencies with almost no fees.
This allows trading of Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). There are no fees for opening and maintaining an account, but Fidelity charges for buying and selling.
The IRA will be managed by Fidelity Digital Assets, a subsidiary of Fidelity.
The service will be provided through Yahoo! Assets. The company has traditionally provided cryptocurrency trading services to institutional investors, but with this launch, it plans to expand its customer base to include general investors and become a cryptocurrency investment company in the United States.
This suggests that the financial environment is changing. Fidelity has also decided to store most of its crypto assets in cold wallets (coins) that are not connected to the internet in order to strengthen its security.
While direct crypto purchases in IRAs have never been strictly prohibited, most IRA providers do not allow it.
Therefore, the launch of Fidelity's new crypto IRA could signal a shift in market conditions.