Morning Minute: Crypto in Your 401(k)s Is Finally Happening

Key Points

1. The executive order directs retirement providers like Fidelity and Schwab to offer crypto-focused funds, trusts, and ETFs as plan options.

2. The U.S. retirement market holds over $12.5 trillion in 401(k) assets, with even a 1% allocation to crypto representing $125B in new capital.

3. 401(k) investments in crypto are considered long-duration and less price-sensitive, making them 'sticky' capital.

4. Market reactions included gains in major cryptocurrencies like BTC, ETH, and XRP, with XRP rising 8% after its legal battle with the SEC ended.

5. Other notable crypto developments included a $5B ETH Treasury fundraise by Fundamental Global Inc and a surge in memecoin trading volumes.