According to the results of July-September (Q3 2022), the weighted average volume of assets in crypto products of the management company WisdomTree fell by 36% compared to the second quarter, to $178 million.
A year ago, the figure was $265 million. The negative revaluation is reportedly due to the downward dynamics of the cryptocurrency market.
WisdomTree CEO and President Jarrett Lilien remains optimistic about the development of the digital asset business. He has explained:
“We intend to make cryptocurrencies mainstream and move major risks such as fixed income, stocks and commodities to the digital world with blockchain-enabled funds and tokenized risks.”