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According to April-June results, management company WisdomTree’s weighted average asset volume in crypto products fell 22% from the first quarter to $265 million. For comparison, by the second
According to April-June results, management company WisdomTree’s weighted average asset volume in crypto products fell 22% from the first quarter to $265 million.
For comparison, by the second quarter of 2021, the indicator decreased by 12%.
The negative dynamics of AUM in crypto products is due to the weakening of the market. The second quarter of 2022 was the worst quarter for Bitcoin in 11 years.
“The adoption of digital assets continues. Our responsible approach, strong brand and opportunities related to crypto winter create good conditions for success in this field”, The company’s CEO, Jonathan Steinberg, commented.
Digital assets account for ~0.35% of the total funds ($74.3 billion) managed by WisdomTree.
The Nasdaq-listed firm has launched the ETP for clients on major European exchanges.
Recall that WisdomTree announced beta testing of its own digital wallet. It is scheduled to be released in 2023.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
