WisdomTree Launches Diverse Crypto Exhibits In The
NEW YORK, December 03, 2021 (GLOBE NEWSWIRE) – WisdomTree Investments, Inc. (NASDAQ: WETF), sponsor and asset manager of exchange traded funds (“ETF”) and exchange traded products (“ETP”) , announced an extension of its thought leadership in digital assets through the creation of four new crypto indices that will support diversified crypto exposure offerings for investors in the U.S. and European markets.
United States – WisdomTree Encryption Index
- RWM WisdomTree Cipher
Europe – WisdomTree ETPs Track WisdomTree Crypto Index
- WisdomTree Crypto Mega Cap at 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 perspective with wide and diverse exposure to different crypto assets. Each crypto asset plays, or has the potential to play, an important role within the crypto ecosystem and / or provides the services necessary for the flourishing of the crypto ecosystem. Together with Ritholtz Wealth Management, OnRamp and Gemini, WisdomTree enables financial advisors to execute this strategy through a packaged direct indexing solution.
Jonathan Steinberg, CEO of WisdomTree, said, “WisdomTree is an index developer and grassroots innovator. Our collaboration with Ritholtz Wealth Management, powered by OnRamp and Gemini technology, not only enables WisdomTree to leverage our in-house clue-building capabilities, but is also a testament to being at the forefront of merging management. of traditional assets and digital. assets.
“Demand for crypto exposure remains high within the advisor community, but access through traditional fund structures remains limited today in the United States. We see a long growth path for this innovative direct indexing solution as well as other custom 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 has 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 (BLOCK) and WisdomTree Crypto Altcoins (WALT) ETP, each seeking to follow the respective WisdomTree Crypto Index.
Tree Of Wisdom 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 profitable way to gain diversified exposure to the largest crypto assets on the market.
Tree Of Wisdom Crypto Market (BLOC)
BLOCK is a market capitalization weighted ETP offering exposures to a diverse basket of crypto assets representing approximately 70% of the total crypto market capitalization.
Tree Of Wisdom Crypto Altcoins (WALT)
WALT is a market cap weighted ETP offering exposure to a diverse basket of the largest crypto assets outside of bitcoin and ether.
Alexis Marinof, Europe Manager of WisdomTree, added: “WisdomTree is committed to providing investors, both individuals and professionals, the ability to access innovative and diversified crypto asset exposures within an ETP wrapper. transparent and efficient. WisdomTree will continue to be an industry leader in the dynamic and rapidly growing 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 priority for investors, we will continue to invest in our platform and capabilities to support investors in this rapidly evolving market,” Marinof concluded.
For more information on the RWM WisdomTree Crypto Index, please visit: here.
For more information on the ETP trio of crypto asset baskets – WisdomTree Crypto Mega Cap Equal Weight (MEGA), WisdomTree Crypto Market (BLOCK), WisdomTree Crypto Altcoins (WALT) – please see here.
About the tree of wisdom
WisdomTree Investments, Inc., through its subsidiaries in the United States and Europe (collectively, “WisdomTree”), is a sponsor and asset manager of ETFs and ETPs headquartered in New York. York. WisdomTree offers products spanning stocks, commodities, fixed income, leveraged and inverse securities, currencies, cryptocurrencies, and alternative strategies. WisdomTree currently has approximately $ 74.7 billion in assets under management worldwide.
WisdomTree® is the trade name of WisdomTree Investments, Inc. and its subsidiaries around the world.
Ritholtz Wealth Management LLC (RWM) is a consultant to WisdomTree for the RWM WisdomTree Crypto Index (the “Index”) and will receive fees from WisdomTree in connection with this role. RWM may separately and without the involvement of WisdomTree act as an advisor to one or more clients in accordance with a written agreement between RWM and that client.
Onramp Invest, LLC (“Onramp”) is a technology company providing access to crypto assets to registered investment advisers. WisdomTree has authorized the Index to Onramp for use by advisers (including RWM in that capacity) in maintaining segregated accounts for their clients through Onramp. In this regard, the index is “powered via Onramp”.
The information contained in this document, including with regard to the WisdomTree indices, should not be relied on and do not replace the skills, judgment and experience of the user, its management, employees, advisers. and / or clients when making investment and other business decisions. . All of this information is impersonal and not tailored to the needs of anyone. None of the information constitutes an offer to sell or the solicitation of an offer to buy, any asset, financial product or other investment vehicle or any trading strategy. All users of the information should perform their own due diligence by engaging professional advisers.
It is not possible to invest directly in a WisdomTree index. Exposure to assets represented by a WisdomTree index is currently only available in the United States through accounts managed by advisers, which may include RWM as such, for their clients which may be based on the index, and in Europe through WisdomTree ETPs (collectively, “Index Linked Accounts or ETPs”). A decision to invest in or through such an Index Linked Account or ETP should not be made on the basis of any of the statements set forth in this document or other related information.
The inclusion of a crypto asset in a WisdomTree index is not a recommendation to buy, sell or hold such a crypto asset, nor is it considered to constitute investment advice or to express an opinion regarding trading assets, instruments or strategies.
There are risks associated with investing, including possible loss of capital. Crypto assets, such as bitcoin and ether, are complex, typically exhibit extreme price volatility and unpredictability, and should be viewed as highly speculative assets. Crypto assets come with new and different risks and considerations that may be unfamiliar to advisers and / or investors, especially with respect to execution, trading, costs and custody. An investor, working with an advisor, should exercise due diligence to, among other things, understand the crypto asset, wallets or any other device, software or trading platform used to interact with the crypto asset, network blockchain or the relevant network application, the potential damage due to the loss of private keys, and the liquidity, volatility, complexity, execution, costs, regulatory status (including tax implications) and risks of crypto assets, to ensure suitability in light of individual circumstances and financial situation.
WisdomTree Investments, Inc.
WisdomTree Investments, Inc.