Crypto asset manager Valkyrie Funds said on Tuesday it will offer separately managed account (SMA) aimed at bringing traditional investors exposure to a variety of crypto investment portfolios.
The new SMA service will initially support three active strategies: bitcoin (BTC) alone, bitcoin and ether (BTC), as well as bitcoin, ether, SOL and MATIC. Valkyrie will offer its SMAs to financial advisors, family offices and other financial institutions that can then pitch their clients.
Valkyrie is now the third asset manager to announce crypto SMA plans after Ark Invest and Franklin Templeton, a sign of the maturing crypto product industry with Wall Street involvement. Ark and Franklin Templeton are working with Eaglebrook Advisors for their SMAs.
SMAs are investment products that offer its investors direct ownership over the underlying asset, even though the positions are managed by a firm – in this case Valkyrie. Valkyrie Funds Managing Director John Key told CoinDesk that the SMAs will...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...