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Cryptocurrency News Articles

WisdomTree Reports Record Assets Under Management of $109+ billion

Jun 11, 2024 at 08:02 pm

of net inflows in May

WisdomTree Reports Record Assets Under Management of $109+ billion

WisdomTree, Inc. (NYSE: WT), a global financial innovator, today announced its financial and operating results for the second quarter ended June 30, 2024, and provided an outlook for the third quarter of 2024.

Second Quarter 2024 Financial Highlights

Total net inflows were $8 billion, including $7.2 billion in U.S. net inflows and $0.8 billion in international net inflows.

Average total AUM was $108 billion, up 3% from the first quarter of 2024 and 26% year-over-year.

Total net revenue was $212.5 million, up 21% from the first quarter of 2024 and 43% year-over-year.

Net income was $98.3 million, compared to a net loss of $21.6 million in the second quarter of 2023.

WisdomTree Prime® Highlights

During the second quarter, we continued to make achievements in driving stockholder value through our WisdomTree Prime digital asset services platform. We obtained approval for WisdomTree Prime in Washington and New Hampshire, bringing the total to 11 states where we now have approval to offer our digital asset services platform. We also launched the WisdomTree Prime digital wallet and debit card in Wyoming, and we continue to see strong demand for our digital asset services platform among financial professionals and their clients.

Outlook for Third Quarter 2024

Based on preliminary data as of August 11, 2024, we currently anticipate the following for the third quarter of 2024:

Total net inflows are expected to be approximately $4 billion.

Average total AUM is expected to be approximately $109 billion.

Total net revenue is expected to be approximately $198 million.

About WisdomTree

WisdomTree is a global financial innovator, offering a well-diversified suite of exchange-traded products (ETPs), models, solutions and products leveraging blockchain technology. We empower investors and consumers to shape their future and support financial professionals to better serve their clients and grow their businesses. WisdomTree is leveraging the latest financial infrastructure to create products that provide access, transparency and an enhanced user experience. Building on our heritage of innovation, we are also developing and have launched next-generation digital products, services and structures, including digital or blockchain-enabled mutual funds and tokenized assets, as well as our blockchain-native digital wallet, WisdomTree Prime.*

*The WisdomTree Prime digital wallet and digital asset services are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, in select U.S. jurisdictions and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. Visit https://www.wisdomtreeprime.com or the WisdomTree Prime mobile app for more information.

WisdomTree currently has approximately $108.8 billion in assets under management globally.

For more information about WisdomTree and WisdomTree Prime, visit: https://www.wisdomtree.com.

Please visit us on X, formerly known as Twitter, at @WisdomTreeNews.

WisdomTree® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide.

PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE PRIME: NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY

The products and services available through the WisdomTree Prime app are not endorsed, indemnized or guaranteed by any regulatory agency.

Cautionary Statement Regarding Forward-Looking Statements

This press release may contain a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our ability to achieve our financial and business plans, goals and objectives and drive stockholder value, including with respect to our ability to successfully implement our strategy relating to WisdomTree Prime®, our ability to continue to make achievements in AUM, levels of net inflows and other risk factors discussed from time to الدنيا in WisdomTree’s filings with the Securities and Exchange Commission (“SEC”), including those factors discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, filed with the SEC on February 23, 2024, and in subsequent reports filed with or furnished to the SEC. These forward-looking statements are based on WisdomTree’s management’s current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning

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