Seeking Alpha
2021-12-03 16:22:13

New diversified crypto index has been created by Ritholtz Wealth Management and WisdomTree

Ritholtz Wealth Management and WisdomTree (NASDAQ:WETF) publicized today that the two firms have collaborated to launch the RWM WisdomTree Crypto Index, which intends to deliver market participants access to a diversified exposed group of crypto-assets. The index has been licensed to Onramp Invest and is available for financial advisors using the Onramp technology platform. Jeremy Schwartz, Global Chief Investment Officer at WisdomTree, stated: “Our team is incredibly bullish on digital assets transforming financial services. We’ve hired aggressively to build indexing infrastructure and support for a crypto focused investment strategy.” “The moment of mass adoption for digital assets, blockchain, DeFi, metaverse and web3 technology has arrived,” said Michael Batnick, Director of Research at Ritholtz Wealth Management. The index provides exposure to 13 cryptocurrencies, including Bitcoin (BTC-USD), Ethereum (ETH-USD), Fantom (FTM-USD), Polygon (MATIC-USD), and others. See chart below: The index also provides a broad-spectrum exposure to multiple areas of the crypto ecosystem, including layer-1

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer