West Pine 43 LLC, a Registered Investment Advisor, has launched The Wisdom Tree Crypto Index (SMA) in collaboration with Wisdom Tree. With the digital revolution underway, West Pine 43 LLC sees value in working with a global financial innovator like Wisdom Tree to further its crypto-asset offerings.
Wisdom Tree is a global financial innovator, offering a well-diversified suite of exchange-traded products (ETP), models, solutions and products leveraging blockchain-enabled technology. They empower investors and consumers to shape their futures and support financial professionals to serve their clients better. They are leveraging the latest financial infrastructure to create products that provide access, transparency, and an enhanced user experience. West Pine 43 LLC – Asset Management wanted to offer additional options for clients to have access to this new asset class in a diversified way that can serve as a satellite or core part of a portfolio’s asset allocation.
For a long time, very few options were available at all major investment firms. With new asset classes come new questions. At first, it was Bitcoin and Ethereum. Then, other coins, web 3.0, and metaverse.
CEO Kevin Pellegrini said, “When a client asks how I have direct exposure to this in my portfolio, Early on, the answer was no, it’s too complex, and no RIA can intelligently manage this, the institutional-grade technology just isn’t there yet. However, that’s changed where the adoption has picked up, and this is bullish for BTC and ETH and the rest of the crypto universe. We have seen spot Bitcoin ETF recently approved. West Pine wanted to offer a one-ticket solution to owning a diversified basket and using the Wisdom Tree relationship; they now have the ability to put it into a portfolio either using ETF or SMA.”
The Wisdom Tree Crypto Index (SMA) is now available. This exposes clients to Bitcoin, Ethereum, and many other layer 1 and layer 2 protocols. Solana and Avalanche are included. Also, there is an equal-weighted version for those who wish to have more exposure to the smaller coins and add additional beta.
About West Pine 43 LLC
West Pine 43 LLC is a registered investment advisor offering full financial planning and asset management services to high net worth, corporate retirement plans, endowments, and charitable foundations. The firm’s core principle is bringing value-added investments and financial planning to help its clients. For more info, please visit our website.
Advisory services are only offered to clients or prospective clients where West Pine 43 LLC and its representatives are properly licensed or exempt from licensure. No advice may be rendered by West Pine 43 LLC unless a client service agreement is in place.
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