According to the results of April-June, the weighted average volume of assets in crypto products of the 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 are due to the weakening of the market. The second quarter of 2022 was the worst for bitcoin in 11 years.
“The adoption of digital assets continues. Our responsible approach, reliable brand and opportunities associated with crypto winter create good conditions for success in this area, ” commented CEO Jonathan Steinberg.
Digital assets account for ~0.35% of the total funds managed by WisdomTree ($74.3 billion).
The Nasdaq-listed firm has launched ETP for clients on major European stock exchanges.