WisdomTree’s crypto-product assets fall 36%

For the July–September period, the weighted average of assets in WisdomTree’s crypto products fell by 36% relative to the second quarter, to $178 million.

A year ago, the figure stood at $265 million.

The write-down reflects the downward trend in the cryptocurrency market.

WisdomTree’s chief executive and president Jarrett Lilien remains optimistic about the development of the digital assets business.

“We intend to make cryptocurrency mainstream and move the core risks, such as fixed income, equities and commodities, into the digital world with the help of blockchain-backed funds and tokenized risks,” he explained.

Earlier, losses in one of Pantera Capital’s early-stage token investment structures from January to September amounted to 71%.

ForkLog previously reported a 40% drop in the valuation of Andreessen Horowitz by 40% flagship crypto fund.

In December, investment adviser Ritholtz Wealth Management and WisdomTree Investments launched the RWM WisdomTree Crypto Index. The structure will provide the opportunity to invest in leading digital assets, DeFi tokens, metaverses, oracles and L2 protocols.

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