Franklin launches BTC/ETH independent management account! What are the advantages over spot ETFs?

Franklin Templeton Fund Company (Franklin Templeton) announced on Tuesday the launch of the Franklin Templeton Digital Asset Dynamic BTC/ETH Independently Managed Account (SMA), allowing investors to diversify their assets and There is greater room for customization when it comes to tax optimization strategies.

This actively managed product, designed to track market capitalization and weighted portfolios of Bitcoin and Ethereum, will be available on the SMA platform of digital asset investment platform Eaglebrook Advisors for registered investment advisers (RIAs) and Other U.S. wealth management companies are open, and Anchorage Digital will become the asset custodian.

In 2022, Franklin launched two digital asset SMAs through the Eaglebrook platform, namely "Franklin Templeton Digital Assets Core" and "Franklin Templeton Digital Assets Core" Franklin Templeton Digital Assets Core Capped.

Franklin Templeton Digital Asset Core Strategy follows a market capitalization weighted scheme, investing in the 10 to 15 largest digital assets, excluding stablecoins and meme coins; Franklin Templeton Digital Asset Core Cap Strategy adopts Similar strategy, but sets the upper limit of its allocation to Bitcoin and Ethereum to 25% of the investment portfolio respectively.

Eaglebrook creator Chris King noted that the main differences between cryptocurrency SMAs and spot Bitcoin ETFs are tax optimization and portfolio contracting. Through SMA, clients can hold Bitcoin and digital assets directly, allowing them to take advantage of automated tax-loss harvesting strategies to reduce or defer tax obligations.

Eaglebrook Profile

According to the latest news, Eaglebrook is a cryptocurrency investment platform that provides RIAs with direct access to Bitcoin and digital asset exposure. The company operates the largest cryptocurrency market One of the SMA platforms, providing tax-optimized Bitcoin, Ethereum SMA, and third-party investment manager strategies held by institutional-grade compliance custodians.

Eaglebrook is an SEC-registered investment advisor, partners with more than 70 RIAs, and has over 700 financial advisors using the platform. The company is backed by a number of top wealth management executives and financial institutions, including Castle Island Ventures, Brewer Lane Ventures and Franklin Templeton.

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