12.15.2022

WisdomTree’s Nine New Digital Funds Effective with SEC

12.15.2022
WisdomTree’s Nine New Digital Funds Effective with SEC

WisdomTree, Inc., a global financial innovator, announced that nine new digital funds1 have become effective with the U.S. Securities and Exchange Commission (SEC), leading up to the planned national public launch of the WisdomTree Prime mobile application, targeted for the first quarter of 2023.

The nine new digital funds reflect a variety of different exposures and each digital fund will invest in traditional assets, including the WisdomTree Short-Duration Income Digital Fund (WTSIX) that was developed leveraging WisdomTree’s model portfolio capabilities, and the WisdomTree 500 Digital Fund (SPXUX) – the firm’s first digital fund seeking to track performance in the U.S. equity market. The WisdomTree Floating Rate Treasury Digital Fund (FLTTX) is also notable as WisdomTree continues to serve as a leader in providing exposure to floating rate treasuries, with the WisdomTree Floating Rate Treasury Fund (USFR) bringing in over $10 billion in net flows thus far in 2022. The nine new digital funds are:

  • WisdomTree 3-7 Year Treasury Digital Fund (WTTSX)
  • WisdomTree 7-10 Year Treasury Digital Fund (WTSTX)
  • WisdomTree Long Term Treasury Digital Fund (WTLGX)
  • WisdomTree Floating Rate Treasury Digital Fund (FLTTX)
  • WisdomTree TIPS Digital Fund (TIPSX)
  • WisdomTree 500 Digital Fund (SPXUX)
  • WisdomTree Technology and Innovation 100 Digital Fund (TECHX)
  • WisdomTree Short-Duration Income Digital Fund (WTSIX)
  • WisdomTree S&P 500 Twitter Sentiment Digital Fund (TWTRX)

“These nine new digital funds exhibit the type of curated experience we expect to be able to provide to WisdomTree Prime users, all bringing mainstream assets into the evolving digital ecosystem,” said Will Peck, WisdomTree Head of Digital Assets. “We believe that blockchain-enabled finance has the potential to improve the investor experience through enhanced liquidity, transparency and standardization, which we aim to achieve over time, and these nine digital funds are setting the foundation as we seek to bridge the gap between traditional finance and digital finance today.”

This announcement comes after the SEC declared effective WisdomTree’s first digital fund, the WisdomTree Short-Term Treasury Digital Fund (WTSYX), earlier this year, with the fund expected to launch in the near future. Access to WisdomTree’s digital funds is anticipated to be through the WisdomTree Prime mobile application, with transactions facilitated by WisdomTree Securities, Inc.2 The waitlist for WisdomTree Prime is open.

“We expect all financial assets to eventually move onto blockchain infrastructure, and this is a significant step in that direction as we bring mainstream exposures like fixed income, equities and commodities into the digital world through blockchain-enabled funds and tokenized assets,” said Jarrett Lilien, WisdomTree President and COO. “Our vision is fast becoming a reality and these are additional bricks in the foundation that will allow us to be a leader in the coming evolution in financial services, laying claim to the deepest exposures in the digital wrapper.”

Source: WisdomTree

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