That’s a policy signal that could matter to many savers, but it will not instantly change how plans operate.
Based on reports, Americans hold about $8.7 trillion in 401(k) assets, so even small allocations would add up.
Novogratz said that if companies like Fidelity, BlackRock or T. Rowe Price package crypto in retirement-friendly vehicles, mainstream access would increase.
That could let ordinary savers get exposure through tax-advantaged accounts they already use.
Thus, though the executive order reflects a change, regulators and plan providers must sort through operational realities before numerous retirement accounts hold significant crypto positions.
Plan administrators will need custody solutions, audit trails, and low-cost product structures to make crypto fit with defined contribution plans.
Many crypto vehicles carry lockups or higher fees, and that clashes with how 401(k) menus are usually set up. Litigation risk also remains: a sharp drop in value could lead to scrutiny from participants or courts.
Regulators will likely balance investor protection against widening access, and asset managers will balance demand with legal caution.
Novogratz has pointed to institutional products such as BlackRock’s Bitcoin Trust as evidence of growing demand. Those products help create familiar entry points for big money and retail investors alike.
Don’t expect an instant tidal wave. Product teams at major managers will likely pilot custody and compliance setups before offering broad access.
Plan sponsors may start with small, optional allocations or specialized windows rather than adding crypto to default funds. Small percentages across many accounts could still add up to large dollar flows if given time.
In short, based on reports and Novogratz’s remarks, the executive order is a major political signal that could encourage more retirement capital toward crypto over time after Trump gives the EO its final seal of approval.
Featured image from Pool/Getty Images, chart from TradingView
