Why Actively Managed Crypto SMAs Could Beat ETFs for Institutional Investors: Key Advantages Explained

Unlike ETFs, SMAs give you direct ownership of your assets, allowing for greater portfolio customization to meet your specific risk/return objectives. That is, SMAs can be customized by your investment manager to meet your unique requirements – risk tolerance, investment horizon, financial goals and more. Direct ownership also facilitates more transparent and simpler tax management strategies such as tax loss harvesting. Finally, SMAs are custody agnostic, allowing investors to choose from a wide variety of custodians and venues, from Anchorage, BitGo, Coinbase and Kraken.