Ritholtz Wealth Management and WisdomTree launch crypto index
Ritholtz Wealth Management, the New York-based investment advisor, and WisdomTree, the asset manager, have together launched a crypto index fund.
Known as the RWM WisdomTree Crypto Index, the new index will be made up of 36% Bitcoin, 20% Ethereum and 4% of 11 other crypto assets.
Introducing RWM Wisdom Tree Crypto Index (SMAs)
— Ritholtz Wealth (@RitholtzWealth) December 3, 2021
"Over the past few years, an increasing number of those questions have been about crypto: At first Bitcoin, then blockchain, then Ethereum, other coins, Web3.0, and now the metaverse."https://t.co/RiLOjEgfSQ
by @ritholtz pic.twitter.com/NKYWnQCzS7
Investors will also be able to gain exposure to defi and the metaverse, through SushiSwap and Decentraland, as well as a number of layer-2 protocols and oracles.
The company also confirmed that the index will be managed by registered investment advisors (RIAs).
To those who bought the dip, I salute you! To those who traded the ups and downs, I salute you! We will find ways to make lemonade.
— #VGXHeroes - The Dude of Crypto (CryptoKeeper) (@cryptokeeper_2) December 5, 2021
To those who turned tail and ran, try a nice index fund. Crypto isn't for you.$vgx $btc $eth #VGXheroes
As well as joining forces with WisdomTree, Ritholtz is working with crypto exchange Gemini and crypto asset management firm OnRamp to help get the launch of its new index off to a smooth start.
Ritholtz has been in operation since 2013 and currently has over $2.3bn in assets under management.