The US Department of Labor published a proposed rule to allow crypto in 401(k) retirement plans. With $7.4T in US 401(k) assets, even a 1-2% allocation represents $74-148B in potential Bitcoin demand.
The US Department of Labor published a proposed rule to allow crypto in 401(k) retirement plans. With $7.4T in US 401(k) assets, even a 1-2% allocation represents $74-148B in potential Bitcoin demand.
The US Department of Labor published a proposed rule in the Federal Register seeking to expand 401(k) investment options to include digital assets like Bitcoin.
Labor Secretary Lori Chavez-DeRemer said the proposed rule will show how plans can consider products that better reflect the investment landscape as it exists today, calling it a major win for American workers, retirees, and their families.
SEC Chair Paul Atkins added that broadening American investors access to well-diversified, long-term investments is a critical priority for effective retirement planning.
US 401(k) plans hold roughly $7.4 trillion in assets. At BlackRock recommended 1% allocation, that is $74 billion in potential Bitcoin demand. At Morgan Stanley recommended 2-4%, it is $148-296 billion. Current total spot Bitcoin ETF AUM is approximately $85 billion.
401(k) contributions are automatic and recurring. Every paycheck becomes a potential Bitcoin purchase, creating sustained demand from millions of American workers. This is a completely different demand profile than episodic ETF inflows.
Capital Group ($3.3T AUM) disclosed a 10.63% stake (136M shares, ~$203M) in Metaplanet, making it the largest shareholder of Japan's premier Bitcoin treasury company. The firm already holds a position in Strategy, now extending its Bitcoin treasury thesis across two jurisdictions.
T. Rowe Price, the $1.89 trillion asset manager, launched the T. Rowe Price Active Crypto ETF (TKNZ) on NYSE Arca — the first actively managed multi-token spot crypto exchange-traded product in the marketplace. The fund holds a diversified portfolio across Bitcoin, Ethereum, BNB, XRP, Solana, and Hyperliquid, with active allocation adjustments led by Blue Macellari, Head of Digital Assets since 2022.
The SEC approved an immediately effective rule change quadrupling IBIT options position limits from 250,000 to 1,000,000 contracts, enabling up to $5B in notional options exposure per participant. The approval landed the same day BlackRock reported record $15.3T AUM and $191.7B Q2 inflows, even as IBIT shed $3.3B during the quarter.