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Franklin Templeton Launches BTC/ETH Separately Managed Account "SMA"
PANews reported on March 27 that, according to Blockworks, Franklin Templeton continued to build another sector of crypto products after launching a Bitcoin ETF and preparing an Ethereum ETF. The fund giant announced on Tuesday that it has launched the Franklin Templeton Digital Asset Dynamic BTC/ETH Separately Managed Account (SMA). The SMA offers a more nuanced approach to investing, allowing investors to have more room for customization in terms of asset diversification and tax optimization strategies. In the crypto space, SMA offers investors a variety of investment options that go beyond Bitcoin – currently the only crypto asset that can be held directly by a U.S. ETF. The product will be available to Registered Investment Advisors (RIAs) and other U.S. wealth managers on Eaglebrook Advisors’ SMA platform. Anchorage Digital will be responsible for hosting these assets.