WisdomTree, a prominent U.S. fund manager, is moving deeper into the digital asset market with a new exchange-traded fund designed to track the performance of the top 20 cryptocurrencies.
The firm recently filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for the fund, which is slated to be listed on NYSE Arca. This initiative marks a further step in the mainstream financial industry’s embrace of digital assets.
Key institutional partners are lined up for the new offering. Coinbase Custody Trust Company will manage the digital assets, while The Bank of New York Mellon (BNY Mellon) will handle cash custody, administration, and other transfer agent functions.
The fund will invest directly in the underlying cryptocurrencies, mirroring the proportions of the CoinDesk 20 Index. This index includes major digital currencies such as Bitcoin, Ethereum, XRP, Solana, and Cardano.
Nate Geraci, president of NovaDius Wealth Management, commented that CoinDesk is aggressively positioning itself in the crypto index sector, calling it a “massive” development for the digital asset industry.
The provisional name for the new product is the WisdomTree CoinDesk 20 Fund. It plans to issue beneficial interest shares, with daily share prices calculated using CCData Blended Reference Prices.
WisdomTree Digital Commodity Services will serve as the sponsor, and Delaware Trust Company will act as the trustee.
The fund is structured to operate outside the purview of the 1940 Investment Company Act and is not categorized as a “commodity pool” under Commodity Futures Trading Commission (CFTC) jurisdiction. This approach reflects current regulatory navigation for such digital asset products.
Beyond the new ETF, WisdomTree continues to advance its blockchain infrastructure. The company recently collaborated with Chainlink to launch a real-time net asset value (NAV) feed for its tokenized private credit fund (CRDT) on the Ethereum blockchain.
This integration utilizes Chainlink DataLink Services, supported by 16 independent oracles, to deliver decentralized price data to investors.
Maredith Hannon, WisdomTree’s Head of Digital Asset Business Development, highlighted the importance of using the Chainlink data standard to bring net asset value information onto the blockchain, especially for private credit and alternative income funds.
Financially, WisdomTree reported strong performance for the third quarter of fiscal year 2025, with revenues reaching $125.62 million and net income at $19.7 million. The company also declared a quarterly dividend of $0.03 per share and increased its share repurchase authorization to $564.9 million.
WisdomTree projects significant future growth, targeting revenues of $600.8 million and net earnings of $227.8 million by 2028. This forecast represents a substantial increase from its current profit and an anticipated annual growth rate of 10.6%.