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WisdomTree Expects To Launch More Crypto Products In 2022
Summary: According to a report from BlockWork, New York-based asset management company WisdomTree plans to bring more crypto products to investors in 2022, while focusing on how blockchain can change the financial market more broadly. The company applied for the launch of a digital short-term Treasury bond fund in April and filed for the SEC to add ...
According to a report from BlockWork, New York-based asset management company WisdomTree plans to bring more crypto products to investors in 2022, while focusing on how blockchain can change the financial market more broadly.
The company applied for the launch of a digital short-term Treasury bond fund in April and filed for the SEC to add Bitcoin futures to its Managed Futures Strategy Fund (WTMF), which invests in 21 commodity futures contracts and seeks to invest up to 5% of its net assets in Bitcoin futures contracts. WisdomTree is also developing a "crypto basket" exchange-traded product.
As of October, WisdomTree's asset under management was approximately $76 billion, CEO Jonathan Steinberg said: “We are embracing responsible DeFi that upholds the foundational principles of regulation in this innovative and quickly evolving space,” WisdomTree CEO Jonathan Steinberg said in a statement. “We’re a company rooted in innovation and transparency, and we see responsible DeFi as the next chapter for us and the broader financial services industry as a whole.”
By Mary Liu
Tags: Crypto,DeFi,WisdomTree
Link: WisdomTree Expects To Launch More Crypto Products In 2022 [Copy]
