On December 3rd, WisdomTree – a financial entity managing more than  $76 billion in assets – reportedly revealed details regarding the creation of four crypto indices in the US and EU, to offer diversified portfolio exposure to investors.

Specifically, the development reportedly surfaced as a collaborative project with Ritholtz Wealth Management, OnRamp and Gemini.

WisdomTree is reportedly releasing the RWM WisdomTree Crypto Index in America. For the EU,  WisdomTree is advancing the WisdomTree Crypto Mega Cap Equal Weight (MEGA), WisdomTree Crypto Market (BLOC) and WisdomTree Crypto Altcoins (WALT) indices.

The RWM WisdomTree Crypto Index will reportedly shift its concentration on crypto assets, layer one networks, layer two protocols, oracle networks, and DeFi protocols, among others. 

Nonetheless, it will place a heavy emphasis on layer one networks, with 64% of the fund’s assets channeled towards this category.

Meanwhile, MEGA will reportedly function as an equivalent weight index for large-cap crypto, nominally Bitcoin (BTC) and Ether (ETH). As for BLOC, it will be in charge of tracking the performance of the top 70% of cryptos by market cap.

Finally, WALT will be an equally-weighted index that aims to track the performance of altcoins and thus, will not hold either BTC or ETH.

“As interest in crypto assets remains high and becomes a bigger focus for investors, we will continue investing in our platform and capabilities to support investors in this fast-moving market.” Alexis Marinof, head of European operations at WisdomTree, additionally remarked regarding the new development. 

WisdomTree’s application for the listing of a Bitcoin spot ETF in America faced rejection earlier this week following the US SEC determined that the proposed fund was not able to satisfy numerous regulatory requirements. including the ones found under the Exchange Act.