West Pine 43 LLC Collaborates With Wisdom Tree To Offer Crypto Index (SMA)

March 28 14:28 2024

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.

The commentary in the aforementioned websites reflects the personal opinions, viewpoints, and analyses of the West Pine 43 LLC employees who provide such comments and should not be regarded as a description of advisory services provided by West Pine 43 LLC. Nothing on these websites should be construed as, and may not be used in connection with, an offer to sell or a solicitation of an offer to buy or hold an interest in any security or investment product. 

The views reflected in the commentary are subject to change at any time without notice. West Pine 43 LLC manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. To determine which investments may be appropriate for you, consult your financial advisor prior to investing.

Learn more at: https://wpine43.com/

Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

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