Wisdomtree assets in cryptoproods decreased by 22%

According to the results of April-June, the weighted average amount of assets in cryptoproods of the management company Wisdomtree fell by 22% relative to the first quarter, up to $ 265 million.

For comparison, by the second quarter of 2021, the indicator decreased by 12%.

The negative dynamics of AUM in cryptoproods is due to the weakening of the conjuncture. The second quarter of 2022 was the worst for Bitcoin in 11 years.

“The introduction of digital assets continues. Our responsible, approach of a reliable brand and the cryptosim of possibilities create good conditions for success in this area, ”commented Jonathan Steinberg CEO of the company.

Digital assets occupy ~ 0.35% of the total amount of funds controlled by Wisdomtree ($ 74.3 billion).

The company received the listing on NASDAQ for the ETP customers on the main stock exchanges in Europe.

Recall Wisdomtree announced beta testing of her own digital wallet https://gagarin.news/ua/news/blockchain-in-healthcare/ . They plan to launch it in 2023.

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