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December 6, 2021

Ritholtz Wealth Management, WisdomTree partner on ne crypto index

By Verdict Staff

Ritholtz Wealth Management (RWM) has joined forces with WisdomTree to launch a new crypto index for retail investors.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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Dubbed RWM WisdomTree Crypto Index, the new index will provide retail investors with access and diversified exposure to cryptoassets through a financial adviser.

RWM WisdomTree Crypto Index, which been licensed to Onramp Invest, is available for financial advisers using the Onramp technology platform to manage separate accounts of clients.

It utilises custody infrastructure and crypto-native exchange of the cyptocurrency platform Gemini.

WisdomTree global CIO Jeremy Schwartz said: “WisdomTree is an index developer and innovator at our core. Our team is incredibly bullish on digital assets transforming financial services. We’ve hired aggressively to build indexing infrastructure and support for a crypto focused investment strategy.”

RWM WisdomTree Crypto Index consists of 36% Bitcoin (BTC), 20% Ethereum (ETH) and 4% each of 11 other cryptoassets that offer exposure to the wider crypto ecosystem.

The index covers layer-1 networks such as smart contract platforms and payment systems, layer-2 protocols, oracle networks, crypto indexing services, decentralised finance (DeFi) as well as the metaverse.

It will follow a modified market capitalisation weighted approach and enable the weights to fluctuate in line with market movements.

An Index Committee will review Index exposures regularly as new cryptoassets become eligible for trading, custody and meet the standards of the Index.

Commenting on the development, Gemini business development and director Kristen Mirabella said: “At Gemini, we are on a mission to empower the individual through crypto—including the advisor community and their clients.

“Today’s announcement brings us one step closer to that goal as we dramatically increase access to digital asset strategies among wealth managers.”

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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