​​WisdomTree's Q1 Crypto Assets Managed Increases by 23% to $3 | Crypto Shake

​​WisdomTree's Q1 Crypto Assets Managed Increases by 23% to $324M

Asset manager WisdomTree (WETF) said that it managed an average of $324 million worth of crypto assets in Q1, an increase of nearly 23% on the equivalent figure of $264 million a year ago.

However, the Q1 crypto assets managed decreased 20% compared to the average of $406 million in the previous quarter.

WisdomTree recorded a net loss of $10.3 million across all aspects of its business for the quarter ending March 31, compared to profit of $15.1 million for the year-earlier period.

The figure also compares to net profit of $11.2 million in the quarter-ended Dec. 31, 2021.

In March, WisdomTree listed exchange-traded products tracking Solana's SOL, Cardano's ADA and Polkadot's DOT on Swiss SIX stock exchange.

The asset manager's attempts to list a spot bitcoin exchange-traded fund in the U.S. continue to be frustrated however, with the Securities and Exchange Commission (SEC) delaying its decision on the application in March.