WisdomTree CEO Jonathan Steinberg says the firm's tokenization arm is close to turning profitable, backed by $750 million in digital assets, as the asset manager positions crypto at the center of its business while overseeing $150 billion in assets.
A BlackRock executive says the firm's U.S. spot bitcoin ETF, IBIT, is now its biggest source of revenue after amassing $70 billion since its January 2024 launch and generating hundreds of millions in fees. This underscores strong institutional demand for BTC exposure.