WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded
fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset
manager, announced an extension of its digital asset thought
leadership through the creation of four new crypto indices that
will underpin offerings for diversified crypto exposures for
investors in both the U.S. and European markets.
U.S. - WisdomTree Crypto Index
- RWM WisdomTree Crypto Index
Europe – WisdomTree ETPs Tracking a WisdomTree Crypto Index
- WisdomTree Crypto Mega Cap Equal
Weight (MEGA)
- WisdomTree Crypto Market (BLOC)
- WisdomTree Crypto Altcoins
(WALT)
Direct Crypto Asset Indexing Solution for Advisor
Workflows
The RWM WisdomTree Crypto Index seeks to provide exposure to
crypto assets from a thematic point of view with broad and
diversified exposure to different crypto assets. Each crypto asset
either plays, or has the potential to play, an important role
within the crypto ecosystem and/or provides necessary services for
the crypto ecosystem to flourish. In collaboration with Ritholtz
Wealth Management, OnRamp and Gemini, WisdomTree is allowing
financial advisors to execute this strategy through a packaged
direct indexing solution.
Jonathan Steinberg, WisdomTree CEO, said, “WisdomTree is an
index developer and innovator at our core. Our collaboration with
Ritholtz Wealth Management, powered by the OnRamp and Gemini
technology, not only allows WisdomTree to tap into our in-house,
index creation capabilities, but is also a testament to being at
the forefront of the merger between traditional asset management
and digital assets.
“Demand for crypto exposure remains high among the advisor
community, yet access through traditional fund structures remains
limited today in the U.S. WisdomTree invested in and collaborated
with OnRamp for this direct indexing solution because OnRamp
provides a platform to bring crypto assets into advisor
workflows. We see a long runway of growth for this innovative
direct indexing solution as well as other customized model
portfolios that combine traditional stocks and bonds with crypto
assets delivered through OnRamp.”
Trio of Crypto Asset Baskets Add to Crypto Offerings in
Europe
In Europe, WisdomTree enhanced its crypto ETP lineup with the
launch of a trio of crypto asset baskets, in addition to our
existing bitcoin and ether ETPs. These include: The WisdomTree
Crypto Mega Cap Equal Weight (MEGA), WisdomTree WT Crypto Market
(BLOC) and WisdomTree Crypto Altcoins (WALT) ETPs, each seeking to
track the respective WisdomTree Crypto Index.
WisdomTree Crypto Mega Cap Equal
Weight (MEGA)MEGA provides an equal
weighted allocation to mega cap crypto assets, currently bitcoin
and ether, providing investors with a simple, secure, and
cost-efficient way to gain diversified exposure to the largest
crypto assets in the market.
WisdomTree Crypto Market
(BLOC)BLOC is a market cap weighted ETP providing
exposures to a diversified basket of crypto assets representing
approximately 70% of total crypto market cap.
WisdomTree Crypto
Altcoins (WALT)WALT is a market cap weighted ETP providing
exposure to a diversified basket of the largest crypto assets
outside of bitcoin and ether.
Alexis Marinof, Head of Europe, WisdomTree, added, “WisdomTree
is committed to delivering investors—both individual and
professional—the ability to access innovative and diversified
crypto asset exposures inside the transparent and efficient ETP
wrapper. WisdomTree will continue to be an industry leader in the
fast growing and dynamic crypto market where investor demand for
the asset class is high and likely to increase.
“As interest in crypto assets remains high and becomes a bigger
focus for investors, we will continue investing in our platform and
capabilities to support investors in this fast-moving market,”
Marinof concluded.
For more information on the RWM WisdomTree Crypto Index, please
visit: here.
For more information on the trio of crypto asset basket ETPs –
WisdomTree Crypto Mega Cap Equal Weight (MEGA), WisdomTree Crypto
Market (BLOC), WisdomTree Crypto Altcoins (WALT) – please see
here.
About WisdomTree
WisdomTree Investments, Inc., through its subsidiaries in the
U.S. and Europe (collectively, “WisdomTree”), is an ETF and ETP
sponsor and asset manager headquartered in New York. WisdomTree
offers products covering equity, commodity, fixed income, leveraged
and inverse, currency, cryptocurrency and alternative strategies.
WisdomTree currently has approximately $74.7 billion in assets
under management globally.
WisdomTree® is the marketing name for WisdomTree Investments,
Inc. and its subsidiaries worldwide.
Ritholtz Wealth Management LLC (RWM) is a consultant to
WisdomTree for the RWM WisdomTree Crypto Index (the “Index”) and
will receive fees from WisdomTree related to such role. RWM may
separately and without involvement from WisdomTree act as an
adviser to one or more clients pursuant to written agreement
between RWM and such client.
Onramp Invest, LLC (“Onramp”) is a technology company providing
access to crypto assets for registered investment advisers.
WisdomTree has licensed the Index to Onramp for use by advisers
(including RWM in such capacity) in managing separate accounts for
their clients via Onramp. In this regard, the Index is “powered via
Onramp.”
The information herein, including as relates to the
WisdomTree Indexes, should not be relied on and is not a substitute
for the skill, judgment and experience of the user, its management,
employees, advisers and/or clients when making investment and other
business decisions. All such information is impersonal and not
tailored to the needs of any person. None of the information
constitutes an offer to sell or a solicitation of an offer to buy,
any asset, financial product or other investment vehicle or any
trading strategy. All users of the
information should conduct their own diligence using professional
advisors.
It is not possible to invest directly in a WisdomTree
Index. Exposure to the assets represented by a WisdomTree Index is
only currently available in the US through accounts managed by
advisers, which may include RWM in such capacity, for their clients
that may be based on the Index, and in Europe through the
WisdomTree ETPs (collectively, “Index Related Accounts or ETPs”). A
decision to invest in or per such Index Related Account or ETP
should not be made in reliance on any of the statements set forth
in this document or otherwise related
information.
Inclusion of a crypto asset within a WisdomTree Index is
not a recommendation to buy, sell, or hold such crypto asset, nor
is it considered to be investment advice or otherwise express any
opinion regarding any assets, instruments or trading
strategies.
There are risks associated with investing, including the
possible loss of principal. Crypto assets, such as bitcoin and
ether, are complex, generally exhibit extreme price volatility and
unpredictability, and should be viewed as highly speculative
assets. Crypto assets present new and different risks and
considerations that may be unfamiliar to advisers and/or investors,
including in execution, trading, costs and custody. An investor,
together with an adviser, should conduct diligence to, among other
things, understand the crypto asset, wallets or any other devices,
software or trading platforms used to interact with the crypto
asset, blockchain network or relevant network application,
potential harm due to loss of private keys, and the liquidity,
volatility, complexity, execution, costs, regulatory status
(including tax implications) and risks of the crypto assets, to
ensure suitability in light of individual circumstances and
financial position.
Contact Information
Investor RelationsWisdomTree Investments, Inc.Jeremy Campbell+1.
646.522.2602Jeremy.campbell@wisdomtree.com
Media RelationsWisdomTree Investments, Inc. Jessica
Zaloom+1.917.267.3735jzaloom@wisdomtree.com
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