WisdomTree Investments, an exchange-traded fund and exchange-traded product 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
Europe – WisdomTree ETPs Tracking a WisdomTree Crypto Index
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.
Source: WisdomTree