{"id":547425,"date":"2023-02-03T19:58:08","date_gmt":"2023-02-03T16:58:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/value-of-wisdomtrees-crypto-holdings-fell-61-9-in-q4\/"},"modified":"2023-02-03T19:58:08","modified_gmt":"2023-02-03T16:58:08","slug":"value-of-wisdomtrees-crypto-holdings-fell-61-9-in-q4","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/value-of-wisdomtrees-crypto-holdings-fell-61-9-in-q4\/","title":{"rendered":"# Value of WisdomTree\u2019s crypto holdings fell 61.9% in Q4"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a412ba1ee30a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a412ba1ee30a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/value-of-wisdomtrees-crypto-holdings-fell-61-9-in-q4\/#%E2%80%9D_Value_of_WisdomTrees_crypto_holdings_fell_619_in_Q4_%E2%80%9C\" >&#8221; Value of WisdomTree\u2019s crypto holdings fell 61.9% in Q4  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Value_of_WisdomTrees_crypto_holdings_fell_619_in_Q4_%E2%80%9C\"><\/span>&#8221; Value of WisdomTree\u2019s crypto holdings fell 61.9% in Q4  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvODM1NTYxOGMtZDZmOS00YjRhLTk0OWUtMTZhZTgwZWFhYzI3LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a4050f8>United States fund manager WisdomTree saw the value of its digital asset holdings decline sharply in the fourth quarter, reflecting the prolonged bear market in Bitcoin (BTC) and other cryptocurrencies.\u00a0<\/p>\n<p>WisdomTree\u2019s cryptocurrency funds held $136 million worth of assets as of Dec. 31, 2022, down from $163 million at the beginning of the quarter and marking a $23 million depreciation, the company <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ir.wisdomtree.com\/news-events\/press-releases\/detail\/614\/wisdomtree-announces-fourth-quarter-2022-results-record\">disclosed<\/a> in its quarterly earnings report on Feb. 3. The funds witnessed only $4 million worth of redemptions or outflows during the quarter. Twelve months earlier, WisdomTree\u2019s cryptocurrency portfolios held $357 million worth of assets. <\/p>\n<p>The fund manager posted a net loss of $28.3 million in the fourth quarter, though operating revenues increased to $73.31 million. Net flows were $5.3 billion, marking the ninth consecutive quarter of positive inflows. <\/p>\n<p>The nearly 62% year-over-year drop WisdomTree\u2019s crypto portfolio is consistent with the decline in the broader cryptocurrency market over the same period. At the end of 2021, the total market capitalization of cryptocurrencies was north of $2.2 trillion \u2014 it fell to roughly $795 billion one year later, according to CoinMarketCap. <\/p>\n<p>WisdomTree incurred its biggest crypto loss in the second quarter of 2022, when its portfolio depreciated by $235 million.  At the time, crypto markets were reeling from the collapse of Terra Luna and its spillover effects on hedge fund Three Arrows Capital and crypto lender Celsius \u2014 the latter two companies filed for bankruptcy in July. <\/p>\n<p>WisdomTree offers several blockchain-focused funds that provide access to the digital-asset sector through traditional financial infrastructure. In December, WisdomTree was greenlighted by the United States Securities and Exchange Commission to list nine additional blockchain-enabled funds. However, efforts to list a spot Bitcoin exchange-traded fund have been rejected by the securities regulator multiple times. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin\u2019s big month: Did US institutions prevail over Asian retail traders?<\/em><\/strong><\/p>\n<p>For all the negativity surrounding crypto assets lately, institutional investors have stepped up to buy the dip, according to crypto financial services platform Matrixport. Data provided by the firm suggested that U.S.-based institutional investors have driven the lion\u2019s share of Bitcoin buying recently. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/value-of-wisdomtree-s-crypto-holdings-fell-61-9-in-q4\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Value of WisdomTree\u2019s crypto holdings fell 61.9% in Q4 &#8220; United States fund manager WisdomTree saw the value of its digital asset holdings decline sharply in the fourth quarter, reflecting the prolonged bear market in Bitcoin (BTC) and other cryptocurrencies.\u00a0 WisdomTree\u2019s cryptocurrency funds held $136 million worth of assets as of Dec. 31, 2022,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":547426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/8355618c-d6f9-4b4a-949e-16ae80eaac27.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74937,74863,74898,117,73711],"class_list":["post-547425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-price","tag-cryptocurrencies","tag-sec","tag-business","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/547425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=547425"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/547425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/547426"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=547425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=547425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=547425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}