Franklin Templeton launches BTC/ETH independent management account "SMA"

PANews reported on March 27 that according to Blockworks, Franklin Templeton Fund continues 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 Assets Dynamic BTC/ETH Separately Managed Account (SMA).

The SMA provides a more detailed approach for investment, allowing investors greater customization in asset diversification and tax optimization strategies. In the crypto field, the SMA offers investors multiple investment options beyond Bitcoin - currently the only crypto asset that US ETFs can directly hold. This product will be available on Eaglebrook Advisors' SMA platform for Registered Investment Advisors (RIAs) and other US wealth management institutions. Anchorage Digital will be responsible for hosting these assets.