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WisdomTree's Q3 Crypto Assets Under Management Falls 36% to $178M

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Oct 28 (Coindesk) - According to Friday's earnings release, the average amount of crypto assets held by New York-based asset manager WisdomTree (WETF) decreased 36% year over year to $178 million in the third quarter of this year.

WisdomTree recorded a total of $265 million for its cryptocurrency assets at the end of the third quarter of last year. However, over the subsequent three months, the crypto market experienced a sustained correction, causing a $87 million asset loss for WisdomTree. The value of WisdomTree's cryptocurrency holdings was $277 million as of the third quarter of 2021.

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