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Crude oil futures continued to rise, with the main contract for low-sulfur fuel oil (LU) up nearly 6%, the main contract for liquefied petroleum gas (LPG) up over 5%, and the main contracts for asphalt, fuel oil, and SC crude oil up over 3%.On April 24, Minister of Commerce Wang Wentao met with Airbus CEO John Faury on April 23. The two sides exchanged views on Airbuss operations and development in China, as well as China-EU economic and trade relations. Wang Wentao emphasized that since the beginning of this year, leaders of several EU countries have visited China, yielding fruitful practical results and demonstrating the resilience and vitality of China-EU economic and trade relations. China is willing to strengthen trade and investment cooperation with the EU and promote the stable and healthy development of China-EU economic and trade relations. However, the EUs recent tightening of trade restrictions on China has damaged the confidence of Chinese companies in investing in Europe and seriously affected normal China-EU economic and trade cooperation. He hoped that Airbus would play a positive role in encouraging the EU to work with China to properly resolve differences through dialogue and consultation.According to Futures News on April 24, as of 09:30 Beijing time, WTI crude oil futures rose 1.38%, while US natural gas futures fell 1.09%.The yield on Japans 40-year government bonds rose 3.5 basis points to 3.860%.The Peoples Bank of China announced today that it conducted a 5 billion yuan 7-day reverse repurchase operation, with a bid amount of 5 billion yuan and a winning bid amount of 5 billion yuan. The operation rate was 1.40%, unchanged from the previous rate.

Fidelity To Offer Digital Asset Investment as Part of Retirement Plans

Cory Russell

Apr 27, 2022 10:14

Fidelity will soon allow customers to invest in Bitcoin as part of their retirement plans.


The company also introduced a crypto payments ETF and a Metaverse ETF this month.


In the European market, the business has launched the world's lowest Bitcoin ETP.


Most people choose to put their money into safe options that are government regulated, centrally held, and stem from classic finance options when it comes to investment plans.


The mainstreaming of cryptocurrencies into the financial sector has changed that, with organizations like Fidelity now selling cryptocurrency for investment to the general public.

Before You Retire, Invest in Bitcoin

Fidelity Investments, the largest provider of 401(k) plans in the United States, has announced that it will soon provide the option of investing in Bitcoin and, eventually, other cryptocurrencies. However, the decision is made at the discretion of the employers.


"We started to hear a rising interest from plan sponsors, organically, as to how could Bitcoin or how could digital assets be offered in a retirement plan," Dave Gray, the Head of Workplace Retirement Offerings and Platforms at Fidelity Investments, said in an interview with The New York Times.


As a result, they introduced this option, allowing individuals to invest directly in Bitcoin and other assets without having to create a separate account on a cryptocurrency exchange.


However, Fidelity will charge between 0.75 percent and 0.9 percent in fees for each Digital Asset Account. Furthermore, a new trading fee will be applied, which the business has not yet disclosed but is expected to be "competitively priced."


MicroStrategy has already signed up for this service, according to Gray, the largest public Bitcoin holder, which isn't surprising given that Michael Saylor is essentially establishing the company on the back of Bitcoin.


This news follows Fidelity's revelation that it is attempting to make inroads into the crypto market with its offerings.


Fidelity International has announced the debut of its spot Bitcoin exchange-traded product (ETP) in Europe, which is also the world's cheapest Bitcoin ETP, with a total expense ratio (TER) of 0.75 percent.


Fidelity Investments recently developed a Crypto Industry and Digital Payments ETF (FDIG) and a Metaverse ETF (FMET) to appeal to a younger audience.

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