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WisdomTree unveils nine new blockchain-enabled funds

WisdomTree unveils nine new blockchain-enabled funds
Blockchain technology
Benson Toti
Author
Benson T.
Dec 14, 2022, 13:23 PM
  • 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.

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

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.

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.

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