Crypto’s Wealth Pitch Grows on Tax Trades as 401(k) Push Builds
As Bitcoin goes mainstream, SMAs represent crypto not as a speculative bet, but as an asset inside a professionally managed portfolio.
Photographer: Bridget Bennett/BloombergAs Washington looks to open up America’s $9 trillion in retirement savings to alternative assets — a shift that may pave the way for crypto — Eaglebrook Advisors Inc. offers a glimpse into how digital assets are being integrated into professionally managed investment accounts.
Four years ago, the New York-based firm was a niche provider of customized crypto portfolios to wealth advisers. Today, with Bitcoin’s surge and the Trump administration’s pro-crypto backing stoking fresh interest, Eaglebrook’s partnerships have grown to more than 90 registered investment advisers overseeing $2 trillion in assets, including the likes of Franklin Templeton and Cathie Wood’s Ark Investment Management.