Looking to really diversify your tax advantaged assets? The California based startup BitcoinIRA.com has launched a new Ethereum IRA investment product that allows individuals to invest in a self-directed IRA that holds ether as an investment. BitcoinIRA will use portfolio company TradeBlock's ECX Index as the reference rate for the price of ehter and Genesis Global Trading for liquidity.
Ethereum’s cryptocurrency ether has risen in market value substantially since its inception in 2015 as the Ethereum smart contract and decentralized applications platform has gained popularity among blockchain startups as well as financial institutions as it enables the development of real-world business applications. As Ethereum’s popularity and adoption grow, so does the value of its cryptocurrency. That is what investors in Ethereum’s ether are betting on and what forms the argument for an IRA based on the altcoin.