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WisdomTree unveils nine new blockchain-enabled funds

By:
on Dec 14, 2022
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  • WisdomTree revealed that the nine funds are effective with the US SEC.
  • The asset manager now has 10 digital funds, with the new funds set to launch in Q1, 2023.
  • The company’s new funds will roll out alongside WisdomTree Prime, a blockchain-native wallet.

WisdomTree, a US-based financial manager, has announced nine new digital asset funds.

According to the company, the new funds are effective with the US Securities and Exchange Commission (SEC), and their launch is set to bring its blockchain-enabled funds to 10.

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Will Peck, the Head of Digital Assets at WisdomTree noted in a press release:

“These nine new digital funds exhibit the type of curated experience we expect to be able to provide to WisdomTree Prime users, all bringing mainstream assets into the evolving digital ecosystem.”

Bridging traditional and digital finance

The funds’ announcement comes ahead of WisdomTree’s unveiling of its digital wallet dubbed WisdomTree Prime. The wallet is expected to go live in the first quarter of 2023.

Peck added that the launch of the nine funds will help bring the benefits of digital finance to more investors.

“We believe that blockchain-enabled finance has the potential to improve the investor experience through enhanced liquidity, transparency and standardization, which we aim to achieve over time, and these nine digital funds are setting the foundation as we seek to bridge the gap between traditional finance and digital finance today.”

WisdomTree, which currently holds nearly $81.3 billion in assets under management (AUM), provides multiple exchange-traded products (ETPs). However, its plans to offer a spot Bitcoin ETF in the US have been unsuccessful so far.

The US SEC has previously rejected the company’s spot ETF proposals – in December 2021 and again in October this year.