Ritholtz Wealth Management and WisdomTree launch new crypto index

Startups • December 5, 2021, 1:45PM EST
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New York-based investment advisor Ritholtz Wealth Management and exchange-traded fund and asset manager WisdomTree investments are jointly launching a crypto index fund. 

Dubbed the RWM WisdomTree Crypto Index, the new index consists of 36% Bitcoin, 20% Ethereum and 4% of 11 other crypto-related assets in a separately managed account, according to a company release.

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The index also gives investors exposure to decentralized finance and the metaverse, such as through SushiSwap and Decentraland, in addition to layer-2 protocols and oracles. The index will be managed by registered investment advisors (RIAs), the companies said.

Besides collaborating with WisdomTree, Ritholtz also partnered with the crypto exchange and custodian Gemini as well as the crypto asset management firm OnRamp for integration to help launch the new crypto index. 

Founded in 2013, Ritholtz currently manages over $2.3 billion in assets.

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MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.