WisdomTree plans to close and liquidate three WisdomTree ETFs

WisdomTree announced plans to close and liquidate three WisdomTree ETFs, namely WisdomTree International ESG Fund (RESD), WisdomTree Emerging Markets ESG Fund (RESE) and WisdomTree U.S. ESG Fund (RESP). Shareholders who have not sold their ETF shares before January 26, 2024 (Friday) will have their shares automatically redeemed based on the net asset value (NAV) of the corresponding ETF, which is expected to be passed around February 5, 2024 (Monday) A broker or other financial intermediary is provided to shareholders. It is reported that WisdomTree’s current global asset management scale is approximately US$97.7 billion. (BusinessWire) It is worth mentioning that WisdomTree also joined the list of applications to launch a spot Bitcoin ETF and submitted a revised ETF prospectus (S-1 document) in November. Bloomberg analyst James Seyffart said this means that WisdomTree is still planning this ETF and is negotiating with the Corporate Finance Division of the U.S. Securities and Exchange Commission (SEC). This is just a step in the process, nothing critical.