Diversified Crypto Exposures Launched in the US and Europe by WisdomTree

Announcements, Blockchain, Investing, News | December 3, 2021 By:

WisdomTree Investments, Inc. has announced the creation of four new crypto indices that will underpin offerings for diversified crypto exposures in both the US and Europe.

WisdomTree is an exchange-traded fund (ETF) and exchange-traded product (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.

According to WisdomTree, its innovative crypto indices underpin three new European crypto ETPs plus separate account exposures to US investors.

In the US, with Ritholtz Wealth Management, OnRamp, and Gemini, 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. The new index will allow financial advisors to execute this strategy through a packaged direct indexing solution.

In Europe, WisdomTree enhanced its crypto ETP lineup with the launch of a trio of crypto asset baskets, in addition to the firm’s already existing bitcoin and ether ETPs: the WisdomTree Crypto Mega Cap Equal Weight (MEGA), the WisdomTree Crypto Market (BLOC), and the WisdomTree Crypto Altcoins (WALT).

Jonathan Steinberg, WisdomTree CEO, said that their collaboration with Ritholtz Wealth Management, powered by the OnRamp and Gemini technology, not only allows WisdomTree to tap into their 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 US,” said Steinberg. “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.”

Alexis Marinof, Head of Europe, WisdomTree, added that their company 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,” said Marinof. “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.”