WisdomTree is an innovative ETF sponsor, index developer, and asset manager that uses its own fundamentally weighted index methodology.
WisdomTree Investments, Inc. is a New York-based exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager. WisdomTree launched its first ETFs in June 2006, and became one of the major ETF providers in the United States. WisdomTree sponsors different ETFs that span asset classes and countries worldwide. Categories include: U.S. and International Equity, Currency, Fixed Income and Alternatives.
WisdomTree’s largest ETF in terms of AUM is the WisdomTree Europe Hedged Equity Fund NYSE: HEDJ, which had over $20.39 billion on December 28, 2015. The ETFs invests in European equities but hedges out currency risks due to the changing exchange rates between the US Dollar and the euro. WisdomTree manages approximately $44.5 billion in ETF assets under management, as of February 23, 2016. The WisdomTree common stock is listed on the NASDAQ Global Select Market under the ticker: Nasdaq: WETF.
The demand for XRP among institutional investors has seen several fund managers file for spot ETF approval amid the upcoming change of the US SEC administration.
WisdomTree’s XRP ETP offers secure and cost-efficient investment, fully backed by XRP, with assets stored safely by regulated custodians.
Despite a bullish market, institutional investors pulled $400 million from Bitcoin ETFs.