**Summary:**

WisdomTree, a major player in the financial industry, is considering adding Bitcoin to its commodity exchange-traded fund (ETF), providing its customers with exposure to the crypto market without direct investment in the asset. According to a recent document released by the company, around 5% of the WisdomTree Enhanced Commodity Strategy Fund (GCC) may be allocated to track Bitcoin while maintaining indirect exposure to the asset. This move aligns with a broader trend of asset managers diversifying their portfolios by incorporating Bitcoin. In addition, WisdomTree has decided to liquidate five of its ETFs.

**WisdomTree to Expand Investment Options with Bitcoin in Commodity ETF**

WisdomTree, a major asset manager, is considering adding Bitcoin to its commodity exchange-traded fund (ETF) as a way to provide exposure to the crypto market without direct investment in the asset. The company has proposed allocating around 5% of the WisdomTree Enhanced Commodity Strategy Fund (GCC) to track Bitcoin and maintain indirect exposure to the asset. This move follows a trend of asset managers diversifying their portfolios by incorporating Bitcoin.

According to a recent document released by WisdomTree, the GCC initially focused on four commodity sectors but may now include Bitcoin. The fund will invest up to 5% of its net assets in Bitcoin futures contracts, but it will not invest in Bitcoin directly. However, a report from Trustnodes reveals that WisdomTree has already included Bitcoin in its GCC portfolio, with around $4 million in BTC holdings.

In a similar move, WisdomTree has added Bitcoin to another ETF called the Managed Futures Strategy Fund (WTMF). The WTMF has allocated 5% of its net assets to Bitcoin futures contracts and currently holds around $4 million worth of the cryptocurrency.

**Asset Managers Embrace Bitcoin Investment Options**

WisdomTree’s decision to expand its investment options with Bitcoin aligns with a broader trend among asset managers. Companies like BlackRock and Morgan Stanley have recognized the potential benefits of adding Bitcoin to their balance sheets, with some opting for a 1% allocation. These companies are leveraging cash-settled futures from the Chicago Mercantile Exchange to integrate Bitcoin into their investment portfolios.

Both Morgan Stanley and BlackRock are using different investment strategies. Morgan Stanley is utilizing GBTC (Grayscale Bitcoin Trust) while BlackRock is using cash-settled futures. This growing interest in Bitcoin among asset managers reflects the increasing acceptance and recognition of the cryptocurrency as a viable investment option.

**WisdomTree to Liquidate Five ETFs**

In addition to expanding its investment options with Bitcoin, WisdomTree has decided to liquidate five of its ETFs. These ETFs include the WisdomTree Chinese Yuan Strategy Fund, WisdomTree India ex-State-Owned Enterprises Fund, WisdomTree US Growth & Momentum Fund, WisdomTree Germany Hedged Equity Fund, and WisdomTree Growth Leaders Fund. The ETFs ceased trading recently, and shareholders who did not sell their assets during the specified timeline had their assets redeemed for cash based on the net asset value of each ETF.

**FAQs:**

**1. What is WisdomTree?**
WisdomTree is a major asset manager in the financial industry.

**2. How is WisdomTree planning to add Bitcoin to its ETF?**
WisdomTree is proposing to allocate around 5% of the WisdomTree Enhanced Commodity Strategy Fund (GCC) to track Bitcoin through Bitcoin futures contracts.

**3. Why are asset managers adding Bitcoin to their portfolios?**
Asset managers are adding Bitcoin to their portfolios to diversify their investment options and take advantage of the potential benefits offered by the cryptocurrency.

**4. How are other asset managers incorporating Bitcoin into their portfolios?**
Companies like BlackRock and Morgan Stanley are adding Bitcoin to their portfolios with a 1% allocation. They are utilizing different investment strategies such as GBTC and cash-settled futures.

**5. What ETFs is WisdomTree liquidating?**
WisdomTree is liquidating five ETFs: WisdomTree Chinese Yuan Strategy Fund, WisdomTree India ex-State-Owned Enterprises Fund, WisdomTree US Growth & Momentum Fund, WisdomTree Germany Hedged Equity Fund, and WisdomTree Growth Leaders Fund.