WisdomTree Fourth-Quarter Crypto Assets Managed Rises 5-Fold

Posted on by American Coins & Gold

WisdomTree Fourth-Quarter Crypto Assets Managed Rises 5-Fold
Asset manager WisdomTree said crypto assets managed surged fivefold to an average of $406 million in the fourth quarter compared with the year-earlier period.It had $357 million in crypto assets as of year-end, 21% more than at the start of the quarter, the New York-based asset manager reported Friday. Net inflows for the period totaled $28 million.In November, WisdomTree listed a trio of crypto basket exchange-traded products (ETPs) in Switzerland and Germany. The products are for sale across 12 European Union countries as well as Norway and Switzerland.In December, WisdomTree’s application to list a spot bitcoin exchange-traded fund (ETF) was…