Eaglebrook Introduces Direct Indexing for Digital Assets with S&P Cryptocurrency Top 10 Equal Weight Index

Eaglebrook has announced the launch of its direct indexing platform for digital assets. The platform features the S&P Cryptocurrency Top 10 Equal Weight Index through Eaglebrook's separately managed accounts (SMAs). Advisors can use Eaglebrook's platform to build rules-based digital asset portfolios in individual client accounts, with direct ownership and automated tax management.

According to Christopher King, Founder and CEO of Eaglebrook, the move towards SMAs comes down to ownership and control. Advisors want clients to own the underlying assets directly, bring existing holdings over in kind, and customize around each client's tax situation, which a pooled ETF cannot offer.

The S&P Cryptocurrency Top 10 Equal Weight Index seeks to track the performance of the 10 largest eligible cryptocurrencies by market capitalization within the S&P Cryptocurrency Broad Digital Market Index. Each constituent is equally weighted.

King explained that the platform automates tax-loss harvesting at the individual-asset level, providing greater after-tax value for clients. Clients with existing eligible crypto holdings can transfer them in kind to the Eaglebrook platform without triggering a taxable event.