WisdomTree will have $100 billion in assets under management by the end of 2023. But WisdomTree lags other issuers in Bitcoin spot ETF inflows, with just $10 million in inflows in 15 trading days, Bloomberg Intelligence data shows.
In response, WisdomTree Chief Operating Officer Jarrett Lilien said his company’s consumer app offers a better way to hold Bitcoin than ETFs. He said: “We are confident in our ability and track record of growing assets under management, which does take time, particularly in our ETF model, as these products are not yet available on many advisor platforms and we expect most of inflows will come from these platforms.”
WisdomTree launched the WisdomTree Prime app last year, providing users with access to invest in a range of digital funds, whose share ownership records are kept on the Stellar or Ethereum chains, as well as USD and gold tokens, BTC and ETH. (Blockworks)