Key Takeaways
- • Eaglebrook, a digital asset investment platform for wealth management firms, launched direct indexing capabilities for digital assets, which it says is the wealth management industry's first such offering.
- • Advisors can access the S&P Cryptocurrency Top 10 Equal Weight Index through Eaglebrook's separately managed account (SMA) infrastructure, with clients holding the underlying cryptocurrencies directly.
- • The platform offers automated tax-loss harvesting at the individual asset and client-account level, in-kind funding of existing crypto holdings, and portfolio customization.
- • S&P Dow Jones Indices licensed the index to Eaglebrook; Eaglebrook says it expects to add further institutional indices and customized digital asset portfolios over time.
Summary
Eaglebrook has launched a crypto direct indexing platform that gives financial advisors access to the S&P Cryptocurrency Top 10 Equal Weight Index through its separately managed account infrastructure, according to the company's announcement distributed via BusinessWire. The index tracks the ten largest eligible cryptocurrencies by market capitalization within the S&P Cryptocurrency Broad Digital Market Index, with each constituent equally weighted.
Eaglebrook describes the launch as the wealth management industry's first direct indexing capability for digital assets. Under the structure, investors directly own the underlying cryptocurrencies within individual accounts rather than holding a pooled vehicle. The company says this enables systematic tax-loss harvesting at the individual asset and client-account level, and that clients holding eligible digital assets can transfer them in kind into the managed account without liquidating positions.
Christopher King, Founder and CEO of Eaglebrook, said demand from wealth managers seeking tax management and diversification for clients holding digital assets drove the rollout. Cameron Drinkwater, Chief Product and Operations Officer at S&P Dow Jones Indices, said the firm was pleased to provide the index to Eaglebrook to support transparent, rules-based digital asset strategies within separately managed accounts.
Eaglebrook states the launch establishes a dedicated direct indexing capability on its platform and that additional institutional indices and customized digital asset portfolios are expected over time. Eaglebrook's announcement describes the S&P index license and states that the product is not sponsored or endorsed by S&P Dow Jones Indices. Separate coverage notes that Eaglebrook previously partnered with Bitwise Asset Management on crypto SMA strategies; the details of that earlier arrangement are not covered in the available material.
Eaglebrook describes the launch as the wealth management industry's first direct indexing capability for digital assets. Under the structure, investors directly own the underlying cryptocurrencies within individual accounts rather than holding a pooled vehicle. The company says this enables systematic tax-loss harvesting at the individual asset and client-account level, and that clients holding eligible digital assets can transfer them in kind into the managed account without liquidating positions.
Christopher King, Founder and CEO of Eaglebrook, said demand from wealth managers seeking tax management and diversification for clients holding digital assets drove the rollout. Cameron Drinkwater, Chief Product and Operations Officer at S&P Dow Jones Indices, said the firm was pleased to provide the index to Eaglebrook to support transparent, rules-based digital asset strategies within separately managed accounts.
Eaglebrook states the launch establishes a dedicated direct indexing capability on its platform and that additional institutional indices and customized digital asset portfolios are expected over time. Eaglebrook's announcement describes the S&P index license and states that the product is not sponsored or endorsed by S&P Dow Jones Indices. Separate coverage notes that Eaglebrook previously partnered with Bitwise Asset Management on crypto SMA strategies; the details of that earlier arrangement are not covered in the available material.
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