Ritholtz, WisdomTree Launch Crypto Index for Investment Advisors

Ritholtz, WisdomTree Launch Crypto Index for Investment Advisors
Ritholtz Wealth Management and WisdomTree Investments are launching the RWM WisdomTree Crypto Index to give retail investors easier access to crypto investments via financial advisors, the companies announced Friday.The Index holds 36% bitcoin, 20% ether and 4% each of 11 “other cryptoassets that provide exposure to the broader crypto ecosystem,” according to a statement.“This is really trying to capture above and beyond just the ‘King Kong’ and ‘Godzilla’ of the cryptocurrency market,” Michael Batnick, Ritholtz’s director of research, told CoinDesk in an interview, referring to the index’s exposure to decentralized finance (DeFi) and metaverse tokens, not just bitcoin and ether.Batnick…