Ritholtz and Wisdom Tree Investments announced the RWM WisdomTree Crypto Index launch on Friday to give investors crypto exposure, including DeFi and metaverse.
The announcement notes that the Index allocates 36% to BTC, 20% to Ethereum, and 4% in eleven other digital assets with a wider exposure to the crypto sector.
Ritholtz’s director of research Michael Batnick says that the wealth manager would not have an investment management fee for holding the Index.
Onramp Invest would offer investor advisory service in a differently managed account infrastructure, while Gemini exchange would offer trading and custodial services.
Ritholtz’s CEO Barry Ritholtz maintains that there is a growing interest among clients in crypto space and that it would be the next frontier for registered investment advisors.
The firm’s top executives and employees have invested in the Index. Ritholtz has $1.8 billion in Assets Under Management, while WisdomTree manages about $76.4 billion.
Source: Coindesk