WisdomTree assets in crypto products decreased by 22%

WisdomTree assets in crypto products decreased by 22%

WisdomTree asset volume in crypto products decreased by 22%

According to the results of April-June, the weighted average volume of assets in crypto products of the management company WisdomTree fell by 22% compared to 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 for bitcoin in 11 years.

“The adoption of digital assets continues. Our responsible approach, a reliable brand and opportunities associated with crypto winter create good conditions for success in this area,” commented CEO Jonathan Steinberg.

Digital assets occupy ~0.35% of the total amount of funds managed by WisdomTree ($74.3 billion).

The Nasdaq-listed company launched ETP for clients on major stock exchanges in Europe.

Recall that WisdomTree announced a beta testing your own digital wallet. It is planned to be launched in 2023.

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