WisdomTree Crypto Asset Holdings Fell 36% In Third Quarter
The crypto asset holdings of New York-based asset management WisdomTree plummeted 36% year on year to $178 million as of September 30, according to the company’s latest financial report, which was issued on Friday.
WisdomTree had $265 million in cryptocurrencies at the end of the second quarter, but the assets depreciated by $87 million due to the market collapse in the third quarter. After the third quarter of last year, the business had $277 million in crypto assets.
At the conclusion of the third quarter of this year, WisdomTree had $70.9 billion in assets under administration.
During the last three months, major crypto assets such as Bitcoin (BTC), Ether (ETH), and Solana (SOL) have declined amid soaring inflation, and asset managers and venture capitalists involved in crypto have felt the pinch, with Andreessen Horowitz’s flagship crypto fund losing 40% of its value in the first half of this year.
Jarrett Lilien, WisdomTree’s president and chief operating officer, remains unconcerned, focusing on the applications of blockchain technology. He stated:
“Our approach is to bring crypto mainstream and to bring mainstream exposures, like fixed income, equities and commodities, into the digital world through blockchain-enabled funds and tokenized exposures.”
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
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WisdomTree Crypto Asset Holdings Fell 36% In Third Quarter
The crypto asset holdings of New York-based asset management WisdomTree plummeted 36% year on year to $178 million as of September 30, according to the company’s latest financial report, which was issued on Friday.
WisdomTree had $265 million in cryptocurrencies at the end of the second quarter, but the assets depreciated by $87 million due to the market collapse in the third quarter. After the third quarter of last year, the business had $277 million in crypto assets.
At the conclusion of the third quarter of this year, WisdomTree had $70.9 billion in assets under administration.
During the last three months, major crypto assets such as Bitcoin (BTC), Ether (ETH), and Solana (SOL) have declined amid soaring inflation, and asset managers and venture capitalists involved in crypto have felt the pinch, with Andreessen Horowitz’s flagship crypto fund losing 40% of its value in the first half of this year.
Jarrett Lilien, WisdomTree’s president and chief operating officer, remains unconcerned, focusing on the applications of blockchain technology. He stated:
“Our approach is to bring crypto mainstream and to bring mainstream exposures, like fixed income, equities and commodities, into the digital world through blockchain-enabled funds and tokenized exposures.”
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
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