WisdomTree’s Assets in Crypto-based Products Fall More than 20%
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According to the results of April-June, the weighted average volume of assets in crypto-based products of management company WisdomTree fell by 22% compared to the first quarter, to $265 million.
For comparison, by the second quarter of 2021, the indicator decreased by 12%.
The negative dynamics of AUM in crypto products is due to the weakening of the market. The second quarter of 2022 was the worst for Bitcoin in 11 years.
The company CEO CEO Jonathan Steinberg has explained:
“The adoption of digital assets continues. Our responsible, trusted brand approach and crypto winter-related capabilities create good conditions for success in this area.”
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