Worth of WisdomTree’s crypto holdings fell 61.9% in This autumn

United States fund supervisor WisdomTree noticed the worth of its digital asset holdings decline sharply within the fourth quarter, reflecting the extended bear market in (BTC) and different cryptocurrencies.

WisdomTree’s cryptocurrency funds held $136 million value of belongings as of Dec. 31, 2022, down from $163 million originally of the quarter and marking a $23 million depreciation, the corporate disclosed in its quarterly earnings report on Feb. 3. The funds witnessed solely $4 million value of redemptions or outflows in the course of the quarter. Twelve months earlier, WisdomTree’s cryptocurrency portfolios held $357 million value of belongings.

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