WisdomTree Reports Fourth-quarter Loss Of $28.3 Million Net
Key Points:
- WisdomTree reported a net loss of $28.3 million on $73.3 million in revenue as of the fourth quarter.
- In the third quarter, WisdomTree plummeted 36% year on year to $178 million as of September 30 last year.
WisdomTree, a New York-based asset manager that operates blockchain-enabled funds, stated that the value of its cryptocurrency assets plummeted to $136 million at the end of the fourth quarter, down from $357 million at the same time the previous year.
In the same period the previous year, the company made a profit of $11.2 million, resulting in a net loss of $28.3 million. Operating revenue fell to $73.3 million in the fourth quarter, down from $79.2 million the prior quarter.
According to the presentation of the results, WisdomTree‘s digital asset strategy is based on bringing crypto into the public as well as traditional assets into the digital ecosystem via tokens and funds. It emphasized its new digital wallet WisdomTree Prime, which allows users to spend, transfer, and invest in digital assets. The product is presently on a waiting list.
The firm reported $5.3 billion in net inflows, mainly driven by inflows into fixed income, U.S. stock, and commodity products. Crypto-specific net flows totalled $4 million.
Driven by over $12 billion of net inflows in 2022, WisdomTree exited the year with record assets under management.
 COO and President Jarett Lilien said
In the third quarter, Coincu reported the crypto asset holdings of New York-based asset management WisdomTree plummeted 36% year on year to $178 million as of September 30 last year.
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.
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:Â https://linktr.ee/coincu
Thana
CoinCu News
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WisdomTree Reports Fourth-quarter Loss Of $28.3 Million Net
Key Points:
- WisdomTree reported a net loss of $28.3 million on $73.3 million in revenue as of the fourth quarter.
- In the third quarter, WisdomTree plummeted 36% year on year to $178 million as of September 30 last year.
WisdomTree, a New York-based asset manager that operates blockchain-enabled funds, stated that the value of its cryptocurrency assets plummeted to $136 million at the end of the fourth quarter, down from $357 million at the same time the previous year.
In the same period the previous year, the company made a profit of $11.2 million, resulting in a net loss of $28.3 million. Operating revenue fell to $73.3 million in the fourth quarter, down from $79.2 million the prior quarter.
According to the presentation of the results, WisdomTree‘s digital asset strategy is based on bringing crypto into the public as well as traditional assets into the digital ecosystem via tokens and funds. It emphasized its new digital wallet WisdomTree Prime, which allows users to spend, transfer, and invest in digital assets. The product is presently on a waiting list.
The firm reported $5.3 billion in net inflows, mainly driven by inflows into fixed income, U.S. stock, and commodity products. Crypto-specific net flows totalled $4 million.
Driven by over $12 billion of net inflows in 2022, WisdomTree exited the year with record assets under management.
 COO and President Jarett Lilien said
In the third quarter, Coincu reported the crypto asset holdings of New York-based asset management WisdomTree plummeted 36% year on year to $178 million as of September 30 last year.
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.
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:Â https://linktr.ee/coincu
Thana
CoinCu News
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