Summary
WisdomTree, an asset manager, expects an increase in bitcoin ETF inflows as more financial advisers allocate to such products. The company’s consumer app is seen as a better way to hold bitcoin than through an ETF. WisdomTree’s US spot bitcoin fund has seen around $10 million of inflows in its first 15 trading days, the lowest among the nine US spot bitcoin ETFs. The company aims to make its consumer app accessible to the entire US population later this year.
Key Points
1. WisdomTree expects a boost in bitcoin ETF inflows as more financial advisers allocate to such products.
2. The company’s Chief Operating Officer emphasizes that their consumer app offers a better way to hold bitcoin than the ETF wrapper.
3. Despite hitting a record of $100 billion in assets under management, WisdomTree’s US spot bitcoin fund has seen relatively low inflows compared to its competitors.