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WisdomTree's Fourth-Quarter Crypto Assets Managed Rises 5-Fold
WisdomTree managed an average of $406 million in digital assets during the quarter, up from $79 million in the year-earlier period.
Por Jamie Crawley
Actualizado 11 may 2023, 5:58 p. .m.. Publicado 28 ene 2022, 2:23 p. .m.. 1 min readTraducido por IA
Asset manager WisdomTree said crypto assets managed surged fivefold to an average of $406 million in the fourth quarter from $79 million in the year-earlier period.
- It had $357 million in crypto assets at the end of 2021, 21% more than at the start of the quarter, the New York-based asset manager reported Friday. Net inflows for the period totaled $28 million.
- In November, WisdomTree listed a trio of crypto basket exchange-traded products (ETPs) in Switzerland and Germany. The products are for sale across 12 European Union countries as well as in Norway and Switzerland.
- In December, WisdomTree's application to list a spot bitcoin exchange-traded fund (ETF) was rejected by the U.S. Securities and Exchange Commission. It has subsequently refiled.
- Across all aspects of its business, Nasdaq-listed WisdomTree (WETF) managed a total of $77.5 billion at the end of the quarter, with net income of $11.2 million for the period.
Read more: WisdomTree Adds Bitcoin Futures Exposure to Fund, Refiles for Spot ETF
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