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WisdomTree’s Crypto Holdings Plunge Over 60% In 2022 Q4

• WisdomTree’s crypto holdings decreased by 60% in Q4 of 2022. • The drop in value was due to the bear market in Bitcoin and other cryptocurrencies. • Despite a rise in quarterly income, WisdomTree reported a net loss of $28.3 million. WisdomTree's Crypto Holdings Drop Over 60% The prolonged bear market in Bitcoin and other cryptocurrencies led to a dramatic decrease in the value of WisdomTree's digital asset holdings in the fourth quarter of 2022. As of December 31, 2022, the total value of the cryptocurrency funds managed by WisdomTree was $136 million - down from $163 million at...