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On Friday, WisdomTree, a financial institution with more than US$76 billion in assets under management, Announce It has created four cryptocurrency indexes in the U.S. and Europe Provide investors with a diversified investment portfolio. This move was carried out in collaboration with Ritholtz Wealth Management, OnRamp and Gemini.
WisdomTree will launch the RWM WisdomTree encryption index in the United States. In Europe, WisdomTree is advancing the WisdomTree Crypto Mega Cap Equal Weight (MEGA), WisdomTree Crypto Market (BLOC) and WisdomTree Crypto Altcoins (WALT) indexes.
The RWM WisdomTree Encryption Index will focus on encrypted assets, first-layer networks, second-layer protocols, oracle networks, and decentralized financial protocols. But it will attach great importance to the first layer of the network, 64% of the fund’s assets fall into this category.
At the same time, MEGA will serve as an equal weight index for large-cap cryptocurrencies (such as Bitcoin) (Bitcoin) And ether (Ethereum). As for BLOC, it will track the performance of the top 70% of cryptocurrencies by market capitalization. Finally, WALT is another equal weight index designed to track the performance of altcoins and therefore will not hold BTC or ETH.
Alexis Marinof, head of WisdomTree’s European operations, issued the following statement on the development:
As interest in crypto assets remains high and becomes a greater focus of investors, we will continue to invest in our platform and capabilities to support investors in this fast-growing market.
WisdomTree’s application to list a Bitcoin spot ETF in the U.S. was rejected after it was identified as a proposed fund by the U.S. Securities and Exchange Commission earlier this week Failure to meet various regulatory requirements, Including those found under the “Transaction Act.”However, the asset manager successfully List several exchange-traded products in Europe.
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