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Tuesday, February 7, 2023

WisdomTree Expands

The United States Securities and Exchange Commission (SEC) has approved nine new blockchain-enabled funds from financial giant WisdomTree, in a move that provides a fresh boost for the crypto ecosystem. The SEC has already approved 10 other cryptocurrency ETFs this year, but most of them are limited to one single cryptocurrency such as Bitcoin or Ether. However, these latest offerings represent the first time it has approved products that invest in multiple coins at once.

  • WisdomTree Investments Inc. (NASDAQ:WETF) announced that it has received approval from the Securities and Exchange Commission (SEC) for nine additional fund share classes of its blockchain-enabled exchange-traded funds (ETFs).
  • The 9 new ETFs are expected to list on NASDAQ as follows:

WisdomTree Asia ex Japan Blockchain ETF – BTCN

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WisdomTree China Blockchain ETF – CBTC

WisdomTree International Large Cap Blockchain ETF – CIBT

The United States Securities and Exchange Commission (SEC) has approved nine new blockchain-enabled funds from financial giant WisdomTree, in a move that provides a fresh boost for the crypto ecosystem.

WisdomTree Has More Funds Now

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The approvals represent the first time the SEC has greenlit a group of cryptocurrency ETFs and blockchain ETFs at once.

WisdomTree CEO Joe Mansueto said: “This is an exciting time for us as we see our industry begin to come into its own by providing investors with innovative products that have been tailored specifically to their needs.”

The SEC has approved nine exchange-traded funds (ETFs) from WisdomTree Investments, Inc, making them collectively the largest number of ETFs ever approved by the SEC at one time.

According to a recent announcement, the SEC has approved nine exchange-traded funds (ETFs) from WisdomTree Investments, Inc, making them collectively the largest number of ETFs ever approved by the SEC at one time. The funds are part of a blockchain-based platform that will allow investors in emerging markets such as China and India to participate in international stock exchanges through their own local currency.

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