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WisdomTree Reports Fourth Quarter Loss As Crypto Holdings Fall

WisdomTree, the New York-based asset manager that operates blockchain-enabled funds, reported that the value of its cryptocurrency holdings fell to $136 million at the end of the fourth quarter from $357 million at the end of the same quarter last year. The company saw a net loss of $28.3 million in the period, compared to a profit of $11.2 million in the same period last year. Operating revenue declined to $73.3 million from $79.2 million in the previous fourth quarter.

Shares of the company were down 2% as of 10:47 am ET.

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