WisdomTree files for ETF tracking the 20 largest digital assets by market capitalization

WisdomTree has submitted an S-1 registration statement with the US Securities and Exchange Commission to launch a fund tracking the performance of the CoinDesk 20 Index, which includes the 20 largest cryptos, including Bitcoin, Ethereum, XRP, Solana and ￰0￱ to the preliminary prospectus sent and acknowledged by the SEC on Friday, the ETF will issue shares of beneficial interest listed on NYSE Arca under a yet-to-be-determined ticker ￰1￱ Digital Commodity Services is the designated sponsor, with Delaware Trust Company placed as a ￰2￱ Custody Trust Company has been tapped for digital asset holdings, while The Bank of New York Mellon will manage cash custody, fund administration, accounting, and transfer agent ￰3￱ to launch CoinDesk 20 ETF The WisdomTree S-1 filing revealed that the ETF will invest directly in the underlying digital assets in approximately the same proportions as the ￰4￱ prices will be calculated daily using CCData Blended Reference Prices, which is a combination of fiat and stablecoin-converted trading ￰5￱ WisdomTree CoinDesk 20 Fund is not registered as an investment company under the Investment Company Act of 1940 and is not subject to SEC investment adviser ￰6￱ is also not part of any commodity pool under the Commodity Exchange Act, and the sponsor is not regulated by the Commodity Futures Trading Commission ( CFTC ) in connection with this ￰7￱ Trust plans to issue shares by continuously redeeming them in “Creation Units,” with cash transactions based on the value of underlying assets, adjusted for sponsor fees and ￰8￱ SEC may have recently approved in-kind creations and redemptions for certain spot digital asset exchange-traded products, but WisdomTree said it will notify shareholders if and when in-kind transactions become ￰9￱ 20 Index calculates asset values using a 24-hour volume-weighted average price from a curated selection of exchanges with an outlier detection ￰10￱ are weighted by market capitalization, and the largest constituent is capped at 30%, while all others are limited to 20%.

Excess weight is redistributed proportionally, reconstituted and rebalanced quarterly at the close of the last business ￰11￱ Wealth Management President Nate Geraci said on X that “CoinDesk is aggressively seeking to position itself in crypto indexing,” which he reckoned would be “massive,” for the digital currency ￰12￱ to Saturday midday trading data, the CoinDesk 20 index stood at 3,341, a positive 4.41% price correction from Friday’s 3,151 close at 4 PM ￰13￱ level is a modest upturn from the index’s reading of 3,241.28 on Wednesday, when it had risen about 133.71 points, and another uptick on Thursday that took it further to 3,268. Two of the largest gainers in the last 24 hours are NEAR Protocol and Polkadot, which recorded gains of 20% and 17% ￰14￱ Chainlink partnership and Q3 success Moving away from ETFs , WisdomTree has also been active in developing blockchain-based ￰15￱ November 5, the firm and Chainlink launched a live net asset value feed for the CRDT tokenized private credit fund on ￰16￱ integration provides decentralized pricing to users through 16 independent oracle operators using Chainlink’s DataLink ￰17￱ Hannon, Head of Business Development for Digital Assets at WisdomTree, said the firm is “excited to implement the Chainlink data standard to bring NAV data on-chain for our Private Credit and Alternative Income Fund.” Earlier this week, WisdomTree reported third-quarter earnings for the fiscal year 2025, posting revenue of US$125.62 million and net income of US$19.7 ￰18￱ firm declared a US$0.03 per share quarterly dividend and announced an increase in its equity buyback authorization to US$564.9 ￰19￱ ahead, the company projects revenue of $600.8 million and net income of $227.8 million by ￰20￱ positive scenario assumes a 10.6% annual revenue increase and a $168.2 million earnings rise from the current $59.6 ￰21￱ smartest crypto minds already read our ￰22￱ in?

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