WisdomTree CEO: Blockchain Could Disrupt Financial Industry Like ETFs Did

Jonathan Steinberg says the ‘right regulation’ is needed to allow blockchain’s benefits

article-image

WisdomTree CEO Jonathan Steinberg

share

Blockchain technology can disrupt traditional financial services the way that ETFs have disturbed mutual funds, WisdomTree CEO Jonathan Steinberg said during an interview at Blockworks’ Digital Asset Summit last month.     

“I do believe that this will prove to be the next wrapper that will transform not just asset management, but all of financial services,” he noted. 

Steinberg said that current regulatory issues around crypto will have to be solved in order to mainstream the space.

Though WisdomTree currently offers several exchange traded products in Europe that invest in cryptocurrencies, it awaits approval from the SEC for its proposed bitcoin ETF in the US. 

“The SEC is starting to understand that not approving a bitcoin [exchange traded product] is forcing investors into inferior structures and it is having negative consequences,” he noted.

Watch the full interview below and watch all of the panel videos from DAS here.


Are you a UK or EU reader that can’t get enough investor-focused content on digital assets? Join us in London on November 15th and 16th for the Digital Asset Summit (DAS) London. Use code ARTICLE for £75 off your ticket. Buy it now.


Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Permissionless is a conference for founders, application developers, and users. Come meet the next generation of people building and using crypto.

recent research

Blinks Report Image.png

Research

Blinks enable the ability to vampire attack user monetization of existing networks by inserting onchain and financialized functionalities directly within the popular social feeds and digital experiences of today.

article-image

Plus, how the FTX collapse played out in Asian countries

article-image

Kalshi founder Tarek Mansour said Thursday marked the “the first trade on regulated election markets in nearly a century”

article-image

I was excited about being on the precipice of realigning societal incentives and solving many issues plaguing our modern financial world

article-image

Cypherpunk Holdings has rebranded to Sol Strategies in a pivot to a Solana-first investment approach

article-image

BitGo’s wrapped bitcoin (wBTC) has a new custodial challenger

article-image

Make no mistake: Tether makes a ton of money. But exactly how much depends a lot on the price of bitcoin.