PlayIconNav
BTC
$67,677.33+1.87%
ETH
$3,246.92+1.91%
BNB
$578.88+1.08%
SOL
$181.63+4.32%
XRP
$0.59760967-0.56%
DOGE
$0.13318644+4.60%
CD20
$2,284.78+2.72%
TON
$6.67+0.64%
ADA
$0.41368197+3.69%
TRX
$0.13763751+1.06%
AVAX
$28.57+4.71%
WBTC
$67,785.11+2.06%
Ad
Finance

Investment Management Giant Franklin Templeton to Offer Digital Asset Strategies to Wealth Managers

Introduced in partnership with crypto-focused Eaglebrook Advisors, the platform will be available for U.S. investors in mid-October.

By Stephen Alpher
AccessTimeIconSep 8, 2022 at 5:51 p.m. UTC
Updated May 11, 2023 at 5:43 p.m. UTC
(Unsplash)
(Unsplash)

Franklin Templeton, with more than $1.3 trillion in assets under management, in the fourth quarter will begin offering two digital asset separately managed account (SMA) strategies through Eaglebrook Advisors.

The Franklin Templeton Digital Assets Core strategy is market-cap weighted, investing in 10-15 of the largest digital assets. As of June 30, the portfolio is weighted with bitcoin (BTC) at 69.25%, and ether (ETH) at 26.15%. Next up is Solana's SOL at 1.65%, with all other tokens weighted at less than 1%.

VolumeMuteUnmute

RFK Jr. Says He's 'Fully Committed' to Bitcoin; Jersey City to Invest in Bitcoin ETFs

  • What Do EigenLayer's Outflows of $2.3B Signal?
    00:57
    What Do EigenLayer's Outflows of $2.3B Signal?
  • What Do TradFi Crypto Moves Mean for Decentralization?
    04:20
    What Do TradFi Crypto Moves Mean for Decentralization?
  • Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
    02:02
    Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
  • Ether Slides as Grayscale's ETHE Outflows Ramp Up
    00:53
    Ether Slides as Grayscale's ETHE Outflows Ramp Up

    • The Franklin Templeton Digital Assets Core Capped has similar holdings, but with bitcoin and ether each capped at 25% of the portfolio. As of June 30, Solana's SOL makes up 9.83% of the portfolio and Polygon's MATIC 5.74%.

    "Such SMAs offer direct ownership, minimal tracking error, low minimums and portfolio reporting integration," said Eaglebrook Advisors in its own announcement of the partnership.


    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Stephen Alpher
    Stephen Alpher

    Stephen Alpher is CoinDesk's managing editor for Markets. He holds BTC above CoinDesk’s disclosure threshold of $1,000.

    Follow @SteveAlpher on Twitter