Cryptocurrency investment company One River has partnered with Coinbase to create ONE Digital SMA for wealth managers to offer crypto exposure.
The new offering aims to simplify the process registered financial advisors use to provide investment opportunities in cryptocurrencies similar to traditional securities.
The head of institutional products at Coinbase, Greg Tusar, lauds the use of Separately Managed Accounts to offer the investing public exposure to cryptocurrencies.
Interest among investment advisors in the digital space has been on the rise. Bitwise data shows that allocation of client’s portfolio to crypto increased to 9.4% last year compared to 6.3% in 2020.
A Separately managed Account enables managers to provide strategies from an external investment firm via individual client accounts.
One River is an asset management firm founded in 2013 with headquarters in Greenwich. The company manages bitcoin and Ethereum funds for passive investment opportunities.