WisdomTree Introduces Nine Digital Asset Funds
WisdomTree, an American asset management, has announced the launch of nine fresh digital asset products. As per the asset management firm, the latest offerings have been approved by the US Securities and Exchange Commission (SEC), and their introduction will increase the total number of blockchain-enabled products to ten.
WisdomTree’s Chief of Digital Assets, Will Peck, said in a media statement, “These nine latest digital funds demonstrate the sort of customised experience we intend to be ready to offer to WisdomTree Prime subscribers since they all incorporate traditional assets into the expanding digital environment.”
The introduction of the funds precedes the debut of WisdomTree’s digital wallet, WisdomTree Prime. The launch of the wallet is anticipated for the first quarter of next year. Peck noted that the establishment of the nine funds would let additional investors reap the advantages of digital finance.
We trust that blockchain-enabled fund has the ability to enhance investor familiarity via improved liquidity, openness, and standardization, which we intend to accomplish over time. The aforesaid nine digital funds are laying the groundwork as we strive to connect the dots between conventional and digital finance today.
WisdomTree, which has about $81.3 billion in assets under management (AUM) at present, offers a variety of exchange-traded products (ETPs). Initiatives to provide a spot Bitcoin ETF in the United States have so far proven futile.
In December 2021 and once again in October 2022, the US SEC dismissed the company’s bids for spot ETFs.