WisdomTree Sees Significant Growth in Crypto ETPs with Net Inflow of $137 Million

Asset management firm WisdomTree has seen significant growth in its cryptocurrency exchange-traded products (ETPs), with a net inflow of $137 million recorded in the first quarter. This marks a substantial improvement compared to the same period last year, when there was a net outflow of $89 million.

The total assets under management (AUM) for WisdomTree rose to $152.6 billion as of the end of Q1, representing an increase of over 30% year-on-year. This growth can be attributed to strong capital inflows in U.S. and European market products.

WisdomTree's cryptocurrency ETP AUM grew to approximately $1.8 billion during the quarter, a year-on-year increase of 15%. However, the initial value of about $2.2 billion for these products decreased by approximately $596 million due to the decline in digital asset prices.