WisdomTree’s crypto AUM falls 22%.

For the April–June period, the average weighted assets under management in WisdomTree’s crypto products fell 22% from Q1 to $265 million.

By comparison, the figure had fallen 12% in Q2 2021.

The negative momentum in AUM in crypto products is driven by weaker market conditions. The second quarter of 2022 proved to be the worst in 11 years for Bitcoin.

“The adoption of digital assets continues. Our responsible, prudent brand approach and the crypto-winter-related opportunities create favourable conditions for success in this space,” commented Jonathan Steinberg, the company’s CEO.

Digital assets account for about 0.35% of WisdomTree’s total assets under management ($74.3 billion).

The Nasdaq-listed firm launched ETPs for clients on major European stock exchanges.

WisdomTree announced beta testing of its own digital wallet, with plans to launch it in 2023.

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