Summary
Franklin Templeton launches a new Digital Asset Dynamic BTC/ETH SMA for investors seeking exposure to bitcoin and ether. The actively managed product aims to outperform a market cap-weighted portfolio and will be available for registered investment advisers and US wealth managers. The firm also introduced two other investment vehicles in 2022. While the SEC has approved ether futures ETFs, investors in the US cannot access exposure to ether directly. Franklin Templeton is one of several firms with spot ether ETF proposals in front of the SEC.
Key Points
1. Franklin Templeton has launched the Franklin Templeton Digital Asset Dynamic BTC/ETH separately managed account (SMA), providing investors with exposure to a range of crypto assets beyond just bitcoin.
2. SMAs offer investors greater customization in terms of asset diversification and tax optimization strategies, allowing for a more nuanced approach to investing in the crypto realm.
3. Franklin Templeton also offers other SMAs such as the Digital Assets Core SMA and the Digital Assets Core Capped SMA, which invest in a portfolio of digital assets and cap allocations to BTC and ETH at 25% each.