WisdomTree (WT) 10-Q 7 May 24 2024 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2024	May 02, 2024
Document Information Line Items
Entity Registrant Name	WisdomTree, Inc.
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		151,816,951
Amendment Flag	false
Entity Central Index Key	0000880631
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-10932
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3487784
Entity Address, Address Line One	250 West 34th Street
Entity Address, Address Line Two	3rd Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10119
City Area Code	212
Local Phone Number	801-2080
Entity Interactive Data Current	Yes
Common Stock, $0.01 par value
Document Information Line Items
Trading Symbol	WT
Title of 12(b) Security	Common Stock, $0.01 par value
Security Exchange Name	NYSE
Preferred Stock Purchase Rights
Document Information Line Items
Trading Symbol	None
Title of 12(b) Security	Preferred Stock Purchase Rights
Security Exchange Name	NYSE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash, cash equivalents and restricted cash (including $5,061 and $5,007 invested in the WisdomTree Government Money Market Digital Fund at March 31, 2024 and December 31, 2023, respectively) (Note 3)	$ 116,926	$ 129,305
Financial instruments owned, at fair value (including $48,353 and $47,559 invested in WisdomTree products at March 31, 2024 and December 31, 2023, respectively) (Note 5)	58,301	58,722
Accounts receivable (including $31,178 and $28,511 due from related parties at March 31, 2024 and December 31, 2023, respectively)	40,020	35,473
Prepaid expenses	6,491	5,258
Other current assets	1,284	1,036
Total current assets	223,022	229,794
Fixed assets, net	436	427
Securities held-to-maturity	224	230
Deferred tax assets, net (Note 21)	5,477	11,057
Investments (Note 7)	9,606	9,684
Right of use assets—operating leases (Note 13)	243	563
Goodwill (Note 23)	86,841	86,841
Intangible assets, net (Note 23)	605,347	605,082
Other noncurrent assets	456	459
Total assets	931,652	944,137
Current liabilities:
Fund management and administration payable	32,665	30,085
Compensation and benefits payable	9,624	38,111
Payable to Gold Bullion Holdings (Jersey) Limited (“GBH”) (Note 12)	14,804	14,804
Income taxes payable	1,140	3,866
Operating lease liabilities (Note 13)	251	578
Accounts payable and other liabilities	17,105	15,772
Total current liabilities	75,589	103,216
Convertible notes (Note 10)	275,263	274,888
Payable to GBH (Note 12)	24,994	24,328
Total liabilities	375,846	402,432
Preferred stock—Series A Non-Voting Convertible, par value $0.01; 14.750 shares authorized, issued and outstanding; redemption value of $123,108 and $96,869 at March 31, 2024 and December 31, 2023, respectively) (Note 11)	132,569	132,569
Contingencies (Note 14)
Stockholders’ equity
Preferred stock, par value $0.01; 2,000 shares authorized
Common stock, par value $0.01; 400,000 shares authorized; issued and outstanding: 151,819 and 150,330 at March 31, 2024 and December 31, 2023, respectively	1,518	1,503
Additional paid-in capital	309,768	312,440
Accumulated other comprehensive loss	(907)	(548)
Retained earnings	112,858	95,741
Total stockholders’ equity	423,237	409,136
Total liabilities and stockholders’ equity	$ 931,652	$ 944,137

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Preferred stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	151,819,000	150,330,000
Common stock, shares outstanding	151,819,000	150,330,000
Related Party
Accounts receivable (in Dollars)	$ 31,178	$ 28,511
WisdomTree ETF
Cash and cash equivalents (in Dollars)	5,061	5,007
Financial instruments owned, at fair value (in Dollars)	$ 48,353	$ 47,559
Series A Non-Voting Convertible
Preferred stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	14,750	14,750
Preferred stock, shares issued	14,750	14,750
Preferred stock, shares outstanding	14,750	14,750
Preferred stock redemption value (in Dollars)	$ 123,108	$ 96,869

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating Revenues:
Total revenues	$ 96,838	$ 82,044
Operating Expenses:
Compensation and benefits	31,054	27,398
Fund management and administration	19,962	17,153
Marketing and advertising	4,408	4,007
Sales and business development	3,611	2,994
Contractual gold payments (Note 9)		4,486
Professional fees	3,630	3,715
Occupancy, communications and equipment	1,210	1,101
Depreciation and amortization	383	109
Third-party distribution fees	2,307	2,253
Other	2,323	2,257
Total operating expenses	68,888	65,473
Operating income	27,950	16,571
Other Income/(Expenses):
Interest expense	(4,128)	(4,002)
Gain on revaluation/termination of deferred consideration—gold payments (Note 9)		20,592
Interest income	1,398	1,083
Impairments (Note 25)		(4,900)
Loss on extinguishment of convertible notes (Note 10)		(9,721)
Other gains and losses, net	2,592	(2,007)
Income before income taxes	27,812	17,616
Income tax expense	5,701	1,383
Net income	$ 22,111	$ 16,233
Earnings per share—basic (in Dollars per share)	$ 0.14	$ 0.1
Earnings per share—diluted (in Dollars per share)	$ 0.13	$ 0.1
Weighted-average common shares—basic (in Shares)	146,464,000	143,862,000
Weighted-average common shares—diluted (in Shares)	165,268,000	159,887,000
Cash dividends declared per common share (in Dollars per share)	$ 0.03	$ 0.03
Advisory fees
Operating Revenues:
Total revenues	$ 92,501	$ 77,637
Other income
Operating Revenues:
Total revenues	$ 4,337	$ 4,407

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 22,111	$ 16,233
Other comprehensive (loss)/income
Foreign currency translation adjustment, net of income taxes	(359)	466
Other comprehensive income/(loss)	(359)	466
Comprehensive income	$ 21,752	$ 16,699

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders’ Equity (Unaudited) - USD ($) shares in Thousands	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Retained Earnings	Total
Balance at Dec. 31, 2022	$ 1,465,000	$ 291,847,000	$ (1,420,000)	$ 13,719,000	$ 305,611,000
Balance (in Shares) at Dec. 31, 2022	146,517
Restricted stock issued and vesting of restricted stock units, net	$ 34,000	(34,000)
Restricted stock issued and vesting of restricted stock units, net (in Shares)	3,379
Shares repurchased	$ (6,000)	(3,378,000)			(3,384,000)
Shares repurchased (in Shares)	(605)
Stock-based compensation		4,536,000			4,536,000
Other comprehensive income			466,000		466,000
Dividends				(4,924,000)	(4,924,000)
Net income				16,233,000	16,233,000
Balance at Mar. 31, 2023	$ 1,493,000	292,971,000	(954,000)	25,028,000	318,538,000
Balance (in Shares) at Mar. 31, 2023	149,291
Balance at Dec. 31, 2023	$ 1,503,000	312,440,000	(548,000)	95,741,000	409,136,000
Balance (in Shares) at Dec. 31, 2023	150,330
Restricted stock issued and vesting of restricted stock units, net	$ 26,000	(26,000)
Restricted stock issued and vesting of restricted stock units, net (in Shares)	2,585
Shares repurchased	$ (11,000)	(7,809,000)			(7,820,000)
Shares repurchased (in Shares)	(1,096)
Stock-based compensation		5,163,000			5,163,000
Other comprehensive income			(359,000)		(359,000)
Dividends				(4,994,000)	(4,994,000)
Net income				22,111,000	22,111,000
Balance at Mar. 31, 2024	$ 1,518,000	$ 309,768,000	$ (907,000)	$ 112,858,000	$ 423,237,000
Balance (in Shares) at Mar. 31, 2024	151,819

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income	$ 22,111	$ 16,233
Adjustments to reconcile net income to net cash used in operating activities:
Advisory and license fees paid in gold, other precious metals and cryptocurrency	(11,727)	(12,760)
Deferred income taxes	5,640	4,783
Stock-based compensation	5,163	4,536
Gains on financial instruments owned, at fair value	(2,063)	(1,954)
Imputed interest on payable to GBH	666
Depreciation and amortization	383	109
Amortization of issuance costs—convertible notes	375	579
Amortization of right of use asset	324	319
Gains on investments	(123)	3,919
Gain on revaluation/termination of deferred consideration—gold payments		(20,592)
Loss on extinguishment of convertible notes		9,721
Impairments		4,900
Contractual gold payments		4,486
Other		(452)
Changes in operating assets and liabilities:
Accounts receivable	(4,243)	(4,791)
Prepaid expenses	(1,247)	(1,161)
Gold and other precious metals	11,561	8,332
Other assets	(79)	167
Fund management and administration payable	2,659	3,638
Compensation and benefits payable	(28,386)	(27,271)
Income taxes payable	(2,723)	(3,418)
Operating lease liabilities	(332)	(326)
Accounts payable and other liabilities	1,003	5,606
Net cash used in operating activities	(1,038)	(5,397)
Cash flows from investing activities:
Purchase of financial instruments owned, at fair value	(2,500)	(20,278)
Cash paid—software development	(592)
Purchase of fixed assets	(66)	(26)
Proceeds from the sale of financial instruments owned, at fair value	5,180	18,290
Proceeds from held-to-maturity securities maturing or called prior to maturity	6	6
Net cash provided by/(used in) investing activities	2,028	(2,008)
Cash flows from financing activities:
Dividends paid	(4,997)	(4,821)
Shares repurchased	(7,820)	(3,384)
Repurchase of convertible notes (Note 10)		(124,317)
Issuance costs—convertible notes		(3,548)
Proceeds from the issuance of convertible notes (Note 10)		130,000
Net cash used in financing activities	(12,817)	(6,070)
(Decrease)/increase in cash flow due to changes in foreign exchange rate	(552)	473
Net decrease in cash, cash equivalents and restricted cash	(12,379)	(13,002)
Cash, cash equivalents and restricted cash—beginning of year	129,305	132,101
Cash, cash equivalents and restricted cash—end of period	116,926	119,099
Supplemental disclosure of cash flow information:
Cash paid for income taxes	2,769	1,422
Cash paid for interest	$ 3,738	$ 801

Organization and Description of

Organization and Description of Business	3 Months Ended
	Mar. 31, 2024
Organization and Description of Business [Abstract]
Organization and Description of Business	1. Organization and Description of Business WisdomTree, Inc., through its global subsidiaries (collectively, “WisdomTree” or the “Company”), is a global financial innovator, offering a well-diversified suite of exchange-traded products (“ETPs”), models, solutions and products leveraging blockchain technology. Building on its heritage of innovation, the Company is also developing and has launched next-generation digital products, services and structures, including digital or blockchain-enabled mutual funds (“Digital Funds”) and tokenized assets, as well as its blockchain-native digital wallet, WisdomTree Prime. The Company has the following wholly-owned operating subsidiaries: ● WisdomTree Asset Management, Inc. ● WisdomTree Management Jersey Limited ● WisdomTree Multi Asset Management Limited ● WisdomTree Management Limited ● WisdomTree UK Limited ● WisdomTree Europe Limited ● WisdomTree Ireland Limited ● WisdomTree Digital Commodity Services, LLC ● WisdomTree Digital Management, Inc. ● WisdomTree Digital Movement, Inc. ● WisdomTree Securities, Inc. ● WisdomTree Transfers, Inc. ● WisdomTree Digital Trust Company, LLC

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
Significant Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies Basis of Presentation These consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) and in the opinion of management reflect all adjustments, consisting of only normal recurring adjustments, necessary for a fair presentation of the financial statements. The consolidated financial statements include the accounts of the Company’s wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Consolidation The Company consolidates entities in which it has a controlling financial interest. The Company determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity (“VOE”) or a variable interest entity (“VIE”). The usual condition for a controlling financial interest in a VOE is ownership of a majority voting interest. If the Company has a majority voting interest in a VOE, the entity is consolidated. The Company has a controlling financial interest in a VIE when the Company has a variable interest that provides it with (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company reassesses its evaluation of whether an entity is a VOE or VIE when certain reconsideration events occur. Segment and Geographic Information The Company, through its subsidiaries in the U.S. and Europe, is a global financial innovator, offering a well-diversified suite of ETPs, models, solutions and products leveraging blockchain technology. The Company conducts business as a single operating segment as an ETP sponsor and asset manager, which is based upon the Company’s current organizational and management structure, as well as information used by the Company’s Chief Executive Officer (the chief operating decision maker, or CODM) to allocate resources and other factors. Foreign Currency Translation Assets and liabilities of subsidiaries whose functional currency is not the U.S. dollar are translated based on the end of period exchange rates from local currency to U.S. dollars. Results of operations are translated at the average exchange rates in effect during the period. The impact of the foreign currency translation adjustment is included in the Consolidated Statements of Comprehensive Income as a component of other comprehensive (loss)/income. Use of Estimates The preparation of the Company’s consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the balance sheet dates and the reported amounts of revenues and expenses for the periods presented. Actual results could differ materially from those estimates. Revenue Recognition The Company earns substantially all of its revenue in the form of advisory fees from its ETPs and recognizes this revenue over time, as the performance obligation is satisfied. Advisory fees are based on a percentage of the ETPs’ average daily net assets. Progress is measured using the practical expedient under the output method resulting in the recognition of revenue in the amount for which the Company has a right to invoice. Contractual Gold Payments Contractual gold payments were measured and paid monthly based upon the average daily spot price of gold. The Company’s obligation to continue making these payments terminated on May 10, 2023. Marketing and Advertising Marketing and advertising costs, including media advertising and production costs, are expensed when incurred. Depreciation and Amortization Depreciation and amortization is provided for using the straight-line method over the estimated useful lives of the related assets as follows: Equipment 3 to 5 years Internally-developed software 3 years The assets listed above are recorded at cost less accumulated depreciation and amortization. Stock-Based Awards Accounting for stock-based compensation requires the measurement and recognition of compensation expense for all equity awards based on estimated fair values. Stock-based compensation is measured based on the grant-date fair value of the award and is amortized over the relevant service period. Forfeitures are recognized when they occur. Third-Party Distribution Fees The Company pays a percentage of its advisory fee revenues based on incremental growth in assets under management (“AUM”), subject to caps or minimums, to marketing agents to sell WisdomTree ETPs and for including WisdomTree ETPs on third-party customer platforms and recognizes these expenses as incurred. Cash, Cash Equivalents and Restricted Cash The Company considers all highly liquid investments with an original maturity of 90 days or less at the time of purchase to be classified as cash equivalents. The Company maintains deposits with financial institutions in an amount that is in excess of federally insured limits. Restricted cash is required to be maintained in a separate account with withdrawal and usage restrictions. Accounts Receivable Accounts receivable are customer and other obligations due under normal trade terms. The Company measures credit losses, if any, by applying historical loss rates, adjusted for current conditions and reasonable and supportable forecasts to amounts outstanding using the aging method. Impairment of Long-Lived Assets The Company performs a review for the impairment of long-lived assets when events or changes in circumstances indicate that the estimated undiscounted future cash flows expected to be generated by the assets are less than their carrying amounts or when other events occur which may indicate that the carrying amount of an asset may not be recoverable. Financial Instruments Owned and Financial Instruments Sold, but Not yet Purchased (at Fair Value) Financial instruments owned and financial instruments sold, but not yet purchased are financial instruments classified as either trading or available-for-sale (“AFS”). These financial instruments are recorded on their trade date and are measured at fair value. All equity instruments that have readily determinable fair values are classified by the Company as trading. Debt instruments are classified based primarily on the Company’s intent to hold or sell the instrument. Changes in the fair value of debt instruments classified as trading and AFS are reported in other income/(expenses) and other comprehensive income, respectively, in the period the change occurs. Debt instruments classified as AFS are assessed for impairment on a quarterly basis and an estimate for credit loss is provided when the fair value of the AFS debt instrument is below its amortized cost basis. Credit-related impairments are recognized in earnings with a corresponding adjustment to the instrument’s amortized cost basis if the Company intends to sell the impaired AFS debt instrument or it is more likely than not the Company will be required to sell the instrument before recovering its amortized cost basis. Other credit-related impairments are recognized as an allowance with a corresponding adjustment to earnings. Impairments resulting from noncredit-related factors are recognized in other comprehensive income. Amounts recorded in other comprehensive income are reclassified into earnings upon sale of the AFS debt instrument using the specific identification method. Securities Held-to-Maturity The Company accounts for certain of its securities as held-to-maturity on a trade date basis, which are recorded at amortized cost. For held-to-maturity securities, the Company has the intent and ability to hold these securities to maturity and it is not more-likely-than-not that the Company will be required to sell these securities before recovery of their amortized cost bases, which may be maturity. Held-to-maturity securities are placed on non-accrual status when the Company is in receipt of information indicating collection of interest is doubtful. Cash received on held-to-maturity securities placed on non-accrual status is recognized on a cash basis as interest income if and when received. The Company reviews its portfolio of held-to-maturity securities for impairment on a quarterly basis, recognizing an allowance, if any, by applying an estimated loss rate after consideration for the nature of collateral securing the financial asset as well as potential future changes in collateral values and historical loss information for financial assets secured with similar collateral. Investments in pass-through government-sponsored enterprises (“GSEs”) are determined to have an estimated loss rate of zero due to an implicit U.S. government guarantee. Investments The Company accounts for equity investments that do not have a readily determinable fair value under the measurement alternative prescribed in Accounting Standards Codification (“ASC”) Topic 321, Investments – Equity Securities (“ASC 321”), to the extent such investments are not subject to consolidation or the equity method. Under the measurement alternative, these financial instruments are carried at cost, less any impairment (assessed quarterly), plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer. In addition, income is recognized when dividends are received only to the extent they are distributed from net accumulated earnings of the investee. Otherwise, such distributions are considered returns of investment and are recorded as a reduction of the cost of the investment. Investments in debt instruments are accounted for at fair value, with changes in fair value reported in other income/(expenses). Goodwill Goodwill is the excess of the purchase price over the fair values of the identifiable net assets at the acquisition date. The Company tests goodwill for impairment at least annually and at the time of a triggering event requiring re-evaluation, if one were to occur. Goodwill is considered impaired when the estimated fair value of the reporting unit that was allocated the goodwill is less than its carrying value. If the estimated fair value of such reporting unit is less than its carrying value, goodwill impairment is recognized based on that difference, not to exceed the carrying amount of goodwill. A reporting unit is an operating segment or a component of an operating segment provided that the component constitutes a business for which discrete financial information is available and management regularly reviews the operating results of that component. Goodwill is allocated to the Company’s U.S. business and European business components. For impairment testing purposes, these components are aggregated as a single reporting unit as they fall under the same operating segment and have similar economic characteristics. Goodwill is assessed for impairment annually on November 30 th Intangible Assets Indefinite-lived intangible assets are tested for impairment at least annually and are also reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Indefinite-lived intangible assets are impaired if their estimated fair values are less than their carrying values. Finite-lived intangible assets, if any, are amortized over their estimated useful life, which is the period over which the assets are expected to contribute directly or indirectly to the future cash flows of the Company. These intangible assets are tested for impairment at the time of a triggering event, if one were to occur. Finite-lived intangible assets may be impaired when the estimated undiscounted future cash flows generated from the assets are less than their carrying amounts. The Company may rely on a qualitative assessment when performing its intangible asset impairment test. Otherwise, the impairment evaluation is performed at the lowest level of reasonably identifiable cash flows independent of other assets. The annual impairment testing date for all of the Company’s intangible assets is November 30 th Software Development Costs Software development costs incurred after the preliminary project stage is complete are capitalized if it is probable that the project will be completed and the software will be used as intended. Capitalized costs consist of employee compensation costs and fees paid to third parties who are directly involved in the application development efforts and are included in intangible assets, net in the Consolidated Balance Sheets. Such costs are amortized over the estimated useful life of the software on a straight-line basis and are included in depreciation and amortization in the Consolidated Statements of Operations. Once the application development stage is complete, additional costs are expensed as incurred. Leases The Company accounts for its lease obligations in accordance with ASC Topic 842, Leases (“ASC 842”), which requires the recognition of both (i) a lease liability equal to the present value of the remaining lease payments and (ii) an offsetting right-of-use asset. The remaining lease payments are discounted using the rate implicit in the lease, if known, or otherwise the Company’s incremental borrowing rate. After lease commencement, right-of-use assets are assessed for impairment and otherwise are amortized over the remaining lease term on a straight-line basis. These recognition requirements are not applied to short-term leases, which are those with a lease term of 12 months or less. Instead, lease payments associated with short-term leases are recognized as an expense on a straight-line basis over the lease term. ASC 842 also provides a practical expedient which allows for consideration in a contract to be accounted for as a single lease component rather than allocated between lease and non-lease components. The Company has elected to apply this practical expedient to all lease contracts, where applicable. Deferred Consideration—Gold Payments Deferred consideration—gold payments represented the present value of an obligation to pay gold to a third party into perpetuity and was measured using forward-looking gold prices observed on the CMX exchange, a selected discount rate and perpetual growth rate (Note 9). Changes in the fair value of this obligation were reported as gain on revaluation/termination of deferred consideration—gold payments in the Consolidated Statements of Operations. Convertible Notes Convertible notes are carried at amortized cost, net of issuance costs. The Company accounts for convertible instruments as a single liability (applicable to the convertible notes) or equity with no separate accounting for embedded conversion features unless the conversion feature meets the criteria for accounting under the substantial premium model or does not qualify for a derivative scope exception. Interest expense is recognized using the effective interest method and includes amortization of issuance costs over the life of the debt. Contingencies The Company may be subject to reviews, inspections and investigations by regulatory authorities as well as legal proceedings arising in the ordinary course of business. The Company evaluates the likelihood of an unfavorable outcome of all legal or regulatory proceedings to which it is a party and accrues a loss contingency when the loss is probable and reasonably estimable. Contingent Payments The Company recognizes a gain on contingent payments when the contingency is resolved and the gain is realized. Earnings per Share Basic earnings per share (“EPS”) is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding for the period. Net income available to common stockholders represents net income of the Company reduced by an allocation of earnings to participating securities. The Series A non-voting convertible preferred stock (Note 11) and unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and are included in the computation of EPS pursuant to the two-class method. Share-based payment awards that do not contain such rights are not deemed participating securities and are included in diluted shares outstanding (if dilutive). Diluted EPS is calculated under the treasury stock method and the two-class method. The calculation that results in the lowest diluted EPS amount for the common stock is reported in the Company’s consolidated financial statements. The treasury stock method includes the dilutive effect of potential common shares including unvested stock-based awards, the Series A non-voting convertible preferred stock and the convertible notes, if any. Potential common shares associated with the Series A non-voting convertible preferred stock and the convertible notes are computed under the if-converted method. Potential common shares associated with the conversion option embedded in the convertible notes are dilutive when the Company’s average stock price exceeds the conversion price. Income Taxes The Company accounts for income taxes using the liability method, which requires the determination of deferred tax assets and liabilities based on the differences between the financial and tax bases of assets and liabilities using the enacted tax rates in effect for the year in which differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more-likely-than-not that some portion or all the deferred tax assets will not be realized. Tax positions are evaluated utilizing a two-step process. The Company first determines whether any of its tax positions are more-likely-than-not to be sustained upon examination, based solely on the technical merits of the position. Once it is determined that a position meets this recognition threshold, the position is measured as the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. The Company records interest expense and penalties related to tax expenses as income tax expense. The Global Intangible Low-Taxed Income (“GILTI”) provisions of the Tax Reform Act requires the Company to include in its U.S. income tax return foreign subsidiary earnings in excess of an allowable return on the foreign subsidiary’s tangible assets. An accounting policy election is available to either account for the tax effects of GILTI in the period that is subject to such taxes or to provide deferred taxes for book and tax basis differences that upon reversal may be subject to such taxes. The Company accounts for the tax effects of these provisions in the period that is subject to such tax. Non-income based taxes are recorded as part of other liabilities and other expenses. Recently Issued Accounting Pronouncements On December 14, 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-09, Improvements to Income Tax Disclosures Recently Adopted Accounting Pronouncements On January 1, 2024, the Company adopted ASU 2023-07, Segment Reporting—Improvements to Reportable Segment Disclosures On January 1, 2024, the Company early adopted ASU 2023-08, Accounting for and Disclosure of Crypto Assets

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	3 Months Ended
	Mar. 31, 2024
Cash, Cash Equivalents and Restricted Cash [Abstract]
Cash, Cash Equivalents and Restricted Cash	3. Cash, Cash Equivalents and Restricted Cash Of the total cash, cash equivalents and restricted cash of $116,926 and $129,305 at March 31, 2024 and December 31, 2023, respectively, $107,956 and $116,895 were held at three financial institutions. At March 31, 2024 and December 31, 2023, cash equivalents were approximately $13,795 and $50,226, respectively. Certain of the Company’s subsidiaries are required to maintain a minimum level of regulatory capital, generally satisfied by cash on hand, which was $42,058 and $29,156 at March 31, 2024 and December 31, 2023, respectively. Of these amounts, $13,083 and $0, at March 31, 2024 and December 31, 2023, respectively, was restricted cash, which is required to be maintained in a separate account with withdrawal and usage restrictions in compliance with regulatory obligations.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2024
Fair Value Measurements [Abstract]
Fair Value Measurements	4. Fair Value Measurements The fair value of financial instruments is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., “the exit price”) in an orderly transaction between market participants at the measurement date. ASC 820, Fair Value Measurement, establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from independent sources. Unobservable inputs reflect assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the transparency of inputs as follows: Level 1 – Quoted prices for identical instruments in active markets. Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 – Instruments whose significant drivers are unobservable. The availability of observable inputs can vary from product to product and is affected by a wide variety of factors, including, for example, the type of product, whether the product is new and not yet established in the marketplace, and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised by management in determining fair value is greatest for instruments categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The tables below summarize the categorization of the Company’s assets and liabilities measured at fair value. During the three months ended March 31, 2024 and 2023, there were no transfers between Levels 2 and 3. March 31, 2024 Total Level 1 Level 2 Level 3 Assets: Recurring fair value measurements: Cash equivalents $ 13,795 $ 13,795 $ — $ — Financial instruments owned, at fair value: ETFs 34,058 34,058 — — Pass-through GSEs 9,948 — 9,948 — Other assets—seed capital (WisdomTree Digital Funds): U.S. treasuries 5,261 — 5,261 — Equities 7,095 7,095 — — Fixed income 1,939 1,014 925 — Total $ 72,096 $ 55,962 $ 16,134 $ — December 31, 2023 Total Level 1 Level 2 Level 3 Assets: Recurring fair value measurements: Cash equivalents $ 50,226 $ 50,226 $ — $ — Financial instruments owned, at fair value ETFs 35,181 35,181 — — Pass-through GSEs 10,240 — 10,240 — Other assets—seed capital (WisdomTree Digital Funds) U.S. treasuries 5,007 — 5,007 — Equities 6,337 6,337 — — Fixed income 1,957 1,008 949 — Total $ 108,948 $ 92,752 $ 16,196 $ — Non-recurring fair value measurements: Fnality International Limited—Series B-1 Preference Shares 0F (1 ) 9,684 — — 9,684 Other investments ( 1F1F 2 ) — — — — Total $ 9,684 $ — $ — $ 9,684 _____________________________ ( 1 ( 2 Recurring Fair Value Measurements – Methodology Cash Equivalents (Note 3) Financial instruments owned (Note 5)

Financial Instruments Owned

Financial Instruments Owned	3 Months Ended
	Mar. 31, 2024
Financial Instruments Owned [Abstract]
Financial instruments owned	5. Financial instruments owned These instruments consist of the following: March 31, December 31, Financial instruments owned Trading securities $ 44,006 $ 45,421 Other assets—seed capital (WisdomTree Digital Funds) 14,295 13,301 Total $ 58,301 $ 58,722 The Company recognized net trading gains on financial instruments owned that were still held at the reporting dates of $1,904 and $4,722 during the three months ended March 31, 2024 and 2023, respectively, which were recorded in other gains and losses, net, in the Consolidated Statements of Operations.

Securities Held-to-Maturity

Securities Held-to-Maturity	3 Months Ended
	Mar. 31, 2024
Securities Held-to-Maturity [Abstract]
Securities Held-to-Maturity	6. Securities Held-to-Maturity The following table is a summary of the Company’s securities held-to-maturity: March 31, 2024 December 31, 2023 Debt instruments: Pass-through GSEs (amortized cost) $ 224 $ 230 During each of the three months ended March 31, 2024 and 2023, the Company received proceeds of $6 from held-to-maturity securities maturing or being called prior to maturity. The following table summarizes unrealized losses, gains and fair value (classified as Level 2 within the fair value hierarchy) of securities held-to-maturity: March 31, 2024 December 31, 2023 Cost/amortized cost $ 224 $ 230 Gross unrealized losses (19 ) (15 ) Fair value $ 205 $ 215 An allowance for credit losses was not provided on the Company’s held-to-maturity securities as all securities are investments in pass-through GSEs which are determined to have an estimated loss rate of zero due to an implicit U.S. government guarantee. The following table sets forth the maturity profile of the securities held-to-maturity; however, these securities may be called prior to the maturity date: March 31, 2024 December 31, 2023 Due within one year $ — $ — Due one year through five years — — Due five years through ten years 21 22 Due over ten years 203 208 Total $ 224 $ 230

Investments

Investments	3 Months Ended
	Mar. 31, 2024
Investments [Abstract]
Investments	7. Investments The following table sets forth the Company’s investments: March 31, 2024 December 31, 2023 Carrying Value Cost Carrying Value Cost Fnality International Limited—Series B-1 Preference Shares $ 9,606 $ 8,091 $ 9,684 $ 8,091 Total $ 9,606 $ 8,091 $ 9,684 $ 8,091 Fnality International Limited The Company owns approximately 5.4% (or 4.8% on a fully-diluted basis) of capital stock of Fnality International Limited (“Fnality”), a company incorporated in England and Wales and focused on creating a peer-to-peer digital wholesale settlement ecosystem comprised of a consortium of financial institutions, offering real time cross-border payments from a single pool of liquidity. The Company’s ownership interest is represented by 2,340,378 Series B-1 Preference Shares, resulting from the conversion of its investment of £6,000 ($8,091) in convertible notes upon Fnality’s qualified equity financing which occurred in October 2023. The Series B-1 Preference Shares carry a 1.0x liquidation preference, are convertible into ordinary shares at the option of the Company and contain various rights and protections. This investment is accounted for under the measurement alternative prescribed in ASC 321, as it does not have a readily determinable fair value and is otherwise not subject to the equity method of accounting. The investment is assessed for impairment and similar observable transactions on a quarterly basis. During the three months ended March 31, 2024, the Company recognized a loss of $78 due to changes in the British pound to U.S. dollar exchange rate. There was no impairment recognized on this investment during the three months ended March 31, 2024 based upon a qualitative assessment. During the three months ended March 31, 2023, the Company recognized a gain of $530 when re-measuring its previously held convertible notes to fair value.

Fixed Assets, Net

Fixed Assets, Net	3 Months Ended
	Mar. 31, 2024
Fixed Assets, net [Abstract]
Fixed Assets, net	8. Fixed Assets, net The following table summarizes fixed assets: March 31, 2024 December 31, 2023 Equipment $ 998 $ 1,097 Less: accumulated depreciation (562 ) (670 ) Total $ 436 $ 427

Deferred Consideration_Gold Pay

Deferred Consideration—Gold Payments	3 Months Ended
	Mar. 31, 2024
Deferred Consideration Gold Payments [Abstract]
Deferred Consideration—Gold Payments	9. Deferred Consideration—Gold Payments Deferred consideration—gold payments represented an obligation the Company assumed in connection with its acquisition of the European exchange-traded commodity, currency and leveraged-and-inverse business of ETFS Capital Limited (“ETFS Capital”) which occurred on April 11, 2018. The obligation was for fixed payments to ETFS Capital of physical gold bullion equating to 9,500 ounces of gold per year through March 31, 2058 and then subsequently reduced to 6,333 ounces of gold per year continuing into perpetuity (“contractual gold payments”). ETFS Capital continued to pass through the payments to other parties to meet its payment obligations under prior royalty agreements, including to Gold Bullion Holdings (Jersey) Limited (“GBH”), a subsidiary of the World Gold Council (“WGC”), Graham Tuckwell (“GT”), and Rodber Investments Limited (“RIL”), an entity controlled by GT, who is also the Chairman of ETFS Capital. On May 10, 2023, the Company terminated its contractual gold payments obligation for aggregate consideration totaling $136,903 pursuant to a Sale, Purchase and Assignment Deed (the “SPA Agreement”) with WisdomTree International Holdings Ltd, Electra Target HoldCo Limited, ETFS Capital, WGC, GBH, GT and RIL. Under the terms of the transaction, GBH received approximately $4,371 in cash and 13,087 shares of Series C Non-Voting Convertible Preferred Stock of the Company, $0.01 par value per share convertible into 13,087,000 shares of the Company’s common stock (see Note 12 for additional information), and RIL received approximately $45,634 in cash. During the three months ended March 31, 2024 and 2023, the Company recognized the following in respect of deferred consideration—gold payments: Three Months Ended March 31, 2024 2023 Contractual gold payments $ — $ 4,486 Contractual gold payments — — 2,375 Gain on revaluation/termination of deferred consideration — $ — $ 20,592

Convertible Notes

Convertible Notes	3 Months Ended
	Mar. 31, 2024
Convertible Notes [Abstract]
Convertible Notes	10. Convertible Notes On February 14, 2023, the Company issued and sold $130,000 in aggregate principal amount of 5.75% Convertible Senior Notes due 2028 (the “2023 Notes”) pursuant to an indenture dated February 14, 2023, between the Company and U.S. Bank Trust Company, National Association, as trustee (or its successor in interest, the “Trustee”), in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (“Rule 144A”). On June 14, 2021, the Company issued and sold $150,000 in aggregate principal amount of 3.25% Convertible Senior Notes due 2026 (the “2021 Notes”) pursuant to an indenture dated June 14, 2021, between the Company and the Trustee, in a private offering to qualified institutional buyers pursuant to Rule 144A. On June 16, 2020, the Company issued and sold $150,000 in aggregate principal amount of 4.25% Convertible Senior Notes due 2023 (the “June 2020 Notes”) pursuant to an indenture dated June 16, 2020, between the Company and the Trustee, in a private offering to qualified institutional buyers pursuant to Rule 144A. On August 13, 2020, the Company issued and sold $25,000 in aggregate principal amount of 4.25% Convertible Senior Notes due 2023 at a price equal to 101% of the principal amount thereof, plus interest deemed to have accrued since June 16, 2020, which constitute a further issuance of, and form a single series with, the Company’s June 2020 Notes (the “August 2020 Notes” and together with the June 2020 Notes, the “2020 Notes”). In connection with the issuance of the 2023 Notes, the Company repurchased $115,000 in aggregate principal amount of the 2020 Notes. As a result of this repurchase, the Company recognized a loss on extinguishment of approximately $9,721 during the three months ended March 31, 2023. The remainder of the 2020 Notes matured on June 15, 2023 and were settled for $59,955 in cash and 1,037,288 shares of common stock, as the conversion option was in the money. After the repurchase and settlement at maturity of the 2020 Notes and the issuance of the 2023 Notes (and together with the 2021 Notes, the “Convertible Notes”), the Company had $280,000 in aggregate principal amount of Convertible Notes outstanding. Key terms of the Convertible Notes are as follows: 2023 Notes 2021 Notes Principal outstanding $130,000 $150,000 Maturity date (unless earlier converted, repurchased or redeemed) August 15, 2028 June 15, 2026 Interest rate 5.75% 3.25% Conversion price $9.54 $11.04 Conversion rate 104.8658 90.5797 Redemption price $12.40 $14.35 ● Interest rate: ● Conversion price: ● Conversion: ● Cash settlement of principal amount: ● Redemption price: th ● Limited investor put rights: ● Conversion rate increase in certain customary circumstances: ● Seniority and Security: The indentures contain customary terms and covenants, including that upon certain events of default occurring and continuing, either the Trustee or the respective holders of not less than 25% in aggregate principal amount of the respective series of Convertible Notes outstanding may declare the entire principal amount of all such respective Convertible Notes to be repurchased, plus any accrued special interest, if any, to be immediately due and payable. The following table provides a summary of the Convertible Notes at March 31, 2024 and December 31, 2023: March 31, 2024 December 31, 2023 2023 Notes 2021 Notes Total 2023 Notes 2021 Notes Total Principal amount $ 130,000 $ 150,000 $ 280,000 $ 130,000 $ 150,000 $ 280,000 Plus: Premium — — — — — — Gross proceeds 130,000 150,000 280,000 130,000 150,000 280,000 Less: Unamortized issuance costs (2,827 ) (1,910 ) (4,737 ) (2,987 ) (2,125 ) (5,112 ) Carrying amount $ 127,173 $ 148,090 $ 275,263 $ 127,013 $ 147,875 $ 274,888 Effective interest rate ( 5F 1 ) 6.25% 3.83% 4.96% 6.25% 3.83% 4.96% ( 1 Interest expense on the Convertible Notes during the three months ended March 31, 2024 and 2023 was $3,462 and $4,002, respectively. Interest payable of $2,391 and $3,041 at March 31, 2024 and December 31, 2023, respectively, is included in accounts payable and other liabilities on the Consolidated Balance Sheets. The fair value of the Convertible Notes (classified as Level 2 in the fair value hierarchy) was $308,487 and $281,897 at March 31, 2024 and December 31, 2023, respectively. The if-converted value of the Convertible Notes did not exceed the principal amount at March 31, 2024 and December 31, 2023.

Series A Preferred Stock

Series A Preferred Stock	3 Months Ended
	Mar. 31, 2024
Preferred Stock [Abstract]
Series A Preferred Stock	11. Series A Preferred Stock On April 10, 2018, the Company filed a Certificate of Designations of Series A Non-Voting Convertible Preferred Stock (the “Series A Certificate of Designations”) with the Secretary of State of the State of Delaware establishing the rights, preferences, privileges, qualifications, restrictions, and limitations relating to the Series A Preferred Stock (defined below). The Series A Preferred Stock is intended to provide ETFS Capital with economic rights equivalent to the Company’s common stock on an as-converted basis. The Series A Preferred Stock has no voting rights, is not transferable and has the same priority with regard to dividends, distributions and payments as the common stock. As described in the Series A Certificate of Designations, the Company will not issue, and ETFS Capital does not have the right to require the Company to issue, any shares of common stock upon conversion of the Series A Preferred Stock, if, as a result of such conversion, ETFS Capital (together with certain attribution parties) would beneficially own more than 9.99% of the Company’s outstanding common stock immediately after giving effect to such conversion. In connection with the completion of the acquisition of the European exchange-traded commodity, currency and leveraged-and-inverse business of ETFS Capital (the “ETFS Acquisition”), the Company issued 14,750 shares of Series A Non-Voting Convertible Preferred Stock (the “Series A Preferred Stock”), which are convertible into an aggregate of 14,750,000 shares of common stock. The fair value of this consideration was $132,750, based on the closing price of the Company’s common stock on April 10, 2018 of $9.00 per share, the trading day prior to the closing of the acquisition. The following is a summary of the Series A Preferred Stock balance: March 31, 2024 December 31, 2023 Issuance of Series A Preferred Stock $ 132,750 $ 132,750 Less: Issuance costs (181 ) (181 ) Series A Preferred Stock—carrying value $ 132,569 $ 132,569 Cash dividends declared per share (quarterly) $ 0.03 $ 0.03 Temporary equity classification is required for redeemable instruments for which redemption triggers are outside of the issuer’s control. ETFS Capital has the right to redeem all the Series A Preferred Stock specified to be converted during the period of time specified in the Series A Certificate of Designations in the event that: (a) the number of shares of the Company’s common stock authorized by its certificate of incorporation is insufficient to permit the Company to convert all of the Series A Preferred Stock requested by ETFS Capital to be converted; or (b) ETFS Capital does not, upon completion of a change of control of the Company, receive the same amount per share of Series A Preferred Stock as it would have received had each outstanding share of Series A Preferred Stock been converted into common stock immediately prior to the change of control. However, the Company will not be obligated to make any such redemption payments to the extent such payments would be a breach of any covenant or obligation the Company owes to any of its secured creditors or is otherwise prohibited by applicable law. Any such redemption will be at a price per share of Series A Preferred Stock equal to the dollar volume-weighted average price for a share of common stock for the 30-trading day period ending on the date of such attempted conversion or change of control, as applicable, multiplied by 1,000. Such redemption payment will be made in one payment no later than 10 business days following the last day of the Company’s first fiscal quarter that begins on a date following the date ETFS Capital exercises such redemption right. The redemption value of the Series A Preferred Stock was $123,108 and $96,869 at March 31, 2024 and December 31, 2023, respectively. The carrying amount of the Series A Preferred Stock was not adjusted as it was not probable that such shares would become redeemable.

Payable to Gold Bullion Holding

Payable to Gold Bullion Holdings (Jersey) Limited (“GBH”)	3 Months Ended
	Mar. 31, 2024
Payable to Gold Bullion Holdings Jersey Limited GBH [Abstract]
Payable to Gold Bullion Holdings (Jersey) Limited (“GBH”)	12. Payable to Gold Bullion Holdings (Jersey) Limited (“GBH”) On November 20, 2023, the Company repurchased its Series C Non-Voting Convertible Preferred Stock, par value $0.01 per share (the “Series C Preferred Stock”) which was convertible into 13,087,000 shares of the Company’s common stock, from GBH, a subsidiary of WGC, for aggregate cash consideration of approximately $84,411. Under the terms of the transaction, the Company paid GBH $40,000 on the closing date, with the remainder of the purchase price payable in equal, interest-free installments on the first, second and third anniversaries of the closing date. The implied price per share was $6.02 when considering the interest-free financing element of the transaction. The investor rights agreement that the Company and GBH entered into in May 2023 in connection with the issuance of the Series C Preferred Stock, which provided GBH with certain rights and obligations with respect to the shares, including registration rights, was terminated in this transaction. Under U.S. GAAP, the obligation was recorded at its present value utilizing a market rate of interest on the closing date of 7.0% and the corresponding discount is being amortized as interest expense pursuant to the effective interest method of accounting over the life of the obligation. The aggregate consideration payable was valued at $38,835 on the closing date and the carrying value of this obligation is as follows: March 31, 2024 December 31, 2023 Current: $ 14,804 $ 14,804 Long-term 24,994 24,328 Total $ 39,798 $ 39,132 Interest expense recognized during the three months ended March 31, 2024 and 2023 was $666 and $0, respectively, and is included as a component of total interest expense recognized on the Consolidated Statements of Operations.

Leases

Leases	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Leases	13. Leases The Company has entered into operating leases for its office facilities (including its corporate headquarters) and equipment. The Company has no finance leases. The following table provides additional information regarding the Company’s leases: Three Months Ended March 31, 2024 2023 Lease cost Operating lease cost $ 324 $ 319 Short-term lease cost 93 56 Total lease cost $ 417 $ 375 Other information Cash paid for amounts included in the measurement of operating $ 332 $ 326 Right-of-use assets obtained in exchange for new operating lease n/a n/a Weighted-average remaining lease term (in years) — 0.2 1.0 Weighted-average discount rate — 5.8 % 6.5 % None of the Company’s leases include variable payments, residual value guarantees or any restrictions or covenants relating to the Company’s ability to pay dividends or incur additional financing obligations. The following table discloses future minimum lease payments at March 31, 2024 with respect to the Company’s operating lease liabilities: Remainder of 2024 $ 251 2025 and thereafter — Total future minimum lease payments (undiscounted) $ 251 The following table reconciles the future minimum lease payments (disclosed above) at March 31, 2024 to the operating lease liabilities recognized in the Company’s Consolidated Balance Sheets: Amounts recognized in the Company’s Consolidated Balance Sheets Lease liability — $ 251 Difference between undiscounted and discounted cash flows — Total future minimum lease payments (undiscounted) $ 251

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2024
Contingencies [Abstract]
Contingencies	14. Contingencies The Company may be subject to reviews, inspections and investigations by regulatory authorities as well as legal proceedings arising in the ordinary course of business. Closure of the WisdomTree WTI Crude Oil 3x Daily Leveraged ETP In December 2020, WMAI, WTMAML, WTUK and WisdomTree Ireland Limited (“WT Ireland”) were served with a writ of summons to appear before the Court of Milan, Italy. In January 2021, WTUK was served with a writ of summons to appear before the Court of Udine, Italy. Investors had filed actions seeking damages resulting from the closure of the WisdomTree WTI Crude Oil 3x Daily Leveraged ETP (“3OIL”) in March 2020. The product was dependent on the receipt of payments from a swap provider to satisfy payment obligations to the investors. Due to an extreme adverse move in oil futures relative to the oil futures’ closing price, the swap contract underlying 3OIL was terminated by the swap provider, which resulted in the compulsory redemption of 3OIL, all in accordance with the prospectus. In February 2022, the Court of Udine ruled in the Company’s favor. Also in February 2022, WMAI, WTMAML, WTUK and WT Ireland were served with another writ of summons to appear before the Court of Milan by additional investors seeking damages resulting from the closure of 3OIL. In March 2022, WMAI and WTUK were served with a writ of summons to appear before the Court of Turin and two writs of summons to appear before the Court of Milan by additional investors seeking damages. These writs also were served on the intermediary brokers for the respective claimants, with the claimants alleging joint and several liability of WMAI, WTUK and such intermediary brokers. In July 2023, the Court of Milan ruled in favor of WMAI and WTUK in respect of one of these claims. In March 2024, the Court of Milan ruled in the Company’s favor and rejected the claim brought against WTMAI, WTMAML, WTUK and WT Ireland in December 2020 for total damages of €9,300 ($10,039) (the “Rejected Claim”). The Rejected Claim remains subject to an appeal. Total damages sought by all investors related to the claims described above, including the Rejected Claim, were approximately €15,200 ($16,408) at March 31, 2024. Additionally, in July 2023, WT Ireland received a letter from counsel on behalf of additional investors seeking damages of up to approximately €8,400 ($9,067) resulting from the closure of 3OIL. The claim is in its preliminary stages and a writ of summons has not been served. The Company is currently assessing these claims with its external counsel. The Company expects that losses, if any, arising from these claims will be covered under its insurance policies, less a $500 deductible. An accrual has not been made with respect to these matters at March 31, 2024 and December 31, 2023.

Variable Interest Entities

Variable Interest Entities	3 Months Ended
	Mar. 31, 2024
Variable Interest Entities [Abstract]
Variable Interest Entities	15. Variable Interest Entities VIEs are entities with any of the following characteristics: (i) the entity does not have enough equity to finance its activities without additional financial support; (ii) the equity holders, as a group, lack the characteristics of a controlling financial interest; or (iii) the entity is structured with non-substantive voting rights. Consolidation of a VIE is required for the party deemed to be the primary beneficiary, if any. The primary beneficiary is the party who has both (a) the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and (b) an obligation to absorb losses of the entity or a right to receive benefits from the entity that could potentially be significant to the entity. The Company is not the primary beneficiary of any entities in which it has a variable interest as it does not have the power to direct the activities that most significantly impact the entities’ economic performance. Such power is conveyed through the entities’ boards of directors and the Company does not have control over the boards. The following table presents information about the Company’s variable interests in non-consolidated VIEs: March 31, 2024 December 31, 2023 Carrying Amount — Fnality Series B-1 Preference Shares (Note 7) 9,606 9,684 Total $ 9,606 $ 9,684 Maximum exposure to loss $ 9,606 $ 9,684

Revenues from Contracts with Cu

Revenues from Contracts with Customers	3 Months Ended
	Mar. 31, 2024
Revenues from Contracts with Customers [Abstract]
Revenues from Contracts with Customers	16. Revenues from Contracts with Customers The following table presents the Company’s total revenues from contracts with customers: Three Months Ended March 31, 2024 2023 Revenues from contracts with customers: Advisory fees $ 92,501 $ 77,637 Other 4,337 4,407 Total operating revenues $ 96,838 $ 82,044 The Company recognizes revenues from contracts with customers when the performance obligation is satisfied, which is when the promised services are transferred to the customer. A service is considered to be transferred when the customer obtains control, which is represented by the transfer of rights with regard to the service. Transfer of control happens either over time or at a point in time. When a performance obligation is satisfied over time, an entity is required to select a single method of measuring progress for each performance obligation that depicts the entity’s performance in transferring control of services to the customer. Substantially all the Company’s revenues from contracts with customers are derived primarily from investment advisory agreements with related parties (Note 17). These advisory fees are recognized over time, are earned from the Company’s ETPs and are calculated based on a percentage of the ETPs’ average daily net assets. There is no significant judgment in calculating amounts due which are invoiced monthly in arrears and are not subject to any potential reversal. Progress is measured using the practical expedient under the output method resulting in the recognition of revenue in the amount for which the Company has a right to invoice. There are no contract assets or liabilities that arise in connection with the recognition of advisory fee revenue. In addition, there are no costs incurred to obtain or fulfill the contracts with customers, all of which are investment advisory agreements with related parties. Other income includes revenues the Company earns from swap providers associated with certain of the Company’s European listed ETPs, the nature of which are either based on a percentage of the ETPs’ average daily net assets or flows associated with certain products. There is no significant judgment in calculating amounts due, which are invoiced monthly or quarterly in arrears and are not subject to any potential reversal. Progress is measured using the practical expedient under the output method resulting in the recognition of revenue in the amount for which the Company has a right to invoice. Geographic Distribution of Revenues The following table presents the Company’s total revenues geographically as determined by where the respective management companies reside: Three Months Ended March 31, 2024 2023 Revenues from contracts with customers: United States $ 65,830 $ 49,681 Jersey 26,094 29,053 Ireland 4,914 3,310 Total operating revenues $ 96,838 $ 82,044

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
Related Party Transactions	17. Related Party Transactions Investment Advisory Agreements The Company’s revenues are derived primarily from investment advisory agreements with related parties. Under these agreements, the Company has licensed to related parties the use of certain of its own indexes for the U.S. WisdomTree ETFs, WisdomTree Digital Funds and WisdomTree UCITS ETFs. The relevant boards of trustees or boards of directors (including certain officers of the Company) of each of the related parties is primarily responsible for overseeing the management and affairs of the entities for the benefit of their respective stakeholders and have contracted with the Company to provide for general management and administration services. The Company is also responsible for certain expenses of the related parties, including the cost of transfer agency, custody, fund administration and accounting, legal, audit, and other non-distribution services, excluding extraordinary expenses, taxes and certain other expenses, which are included in fund management and administration in the Consolidated Statements of Operations. In exchange, the Company receives fees based on a percentage of the ETPs’ and the Digital Funds’ average daily net assets. A majority of the independent members of the respective board of trustees or board of directors are required to initially and annually (after the first two years) approve the advisory agreements of the U.S. WisdomTree ETFs and the WisdomTree Digital Funds and these agreements may be terminated by such board of trustees or board of directors upon notice. The following table summarizes accounts receivable from related parties which are included as a component of accounts receivable in the Consolidated Balance Sheets: March 31, 2024 December 31, 2023 Receivable from WTT $ 23,535 $ 21,226 Receivable from ManJer Issuers 4,621 4,411 Receivable from WMAI and WTICAV 3,022 2,874 Total $ 31,178 $ 28,511 The allowance for credit losses on accounts receivable from related parties is insignificant when applying historical loss rates, adjusted for current conditions and supportable forecasts, to the amounts outstanding in the table above. Amounts outstanding are all invoiced in arrears, are less than 30 days aged and are collected shortly after the applicable reporting period. The following table summarizes revenues from advisory services provided to related parties: Three Months Ended March 31, 2024 2023 Advisory services provided to WTT $ 64,902 $ 49,487 Advisory services provided to ManJer Issuers 22,685 24,840 Advisory services provided to WMAI and WTICAV 4,914 3,310 Total $ 92,501 $ 77,637 Investments in WisdomTree Products The Company also has investments in certain WisdomTree products of approximately $53,414 and $52,566 at March 31, 2024 and December 31, 2023, respectively. This includes $19,356 and $18,308, respectively, of investments in certain affiliated Digital Funds advised by WT Digital Management, referred to herein as “other assets–seed capital.” Net unrealized and realized gains related to trading WisdomTree products were $1,945 and $422, respectively, during the three months ended March 31, 2024 and 2023. Such gains are recorded in other gains and losses, net on the Consolidated Statements of Operations.

Stock-Based Awards

Stock-Based Awards	3 Months Ended
	Mar. 31, 2024
Stock-Based Awards [Abstract]
Stock-Based Awards	18. Stock-Based Awards On July 15, 2022, the Company’s stockholders approved the 2022 Equity Plan under which the Company may issue up to 16,000,000 shares of common stock (less one share for every share granted under the 2016 Equity Plan since March 31, 2022 and inclusive of shares available under the 2016 Equity Plan as of March 31, 2022) in the form of stock options and other stock-based awards. The Company grants equity awards to employees and directors, which include restricted stock awards (“RSAs”), restricted stock units (“RSUs”), performance-based restricted stock units (“PRSUs”) and stock options. Certain awards described below are subject to acceleration under certain conditions. Stock options: Generally issued for terms of ten years and may vest after at least one year of service and have an exercise price equal to the Company’s stock price on the grant date. The Company estimates the fair value of stock options (when granted) using the Black-Scholes option pricing model. RSAs/RSUs: Awards are valued based on the Company’s stock price on grant date and generally vest ratably, on an annual basis, over three years. PRSUs: These awards cliff vest three years from the grant date and contain a market condition whereby the number of PRSUs ultimately vesting is tied to how the Company’s total shareholder return (“TSR”) compares to a peer group of other publicly traded asset managers over the three-year period. A Monte Carlo simulation is used to value these awards. The number of PRSUs vesting ranges from 0% to 200% of the target number of PRSUs granted, as follows: ● th ● th ● th th th ● Stock-based compensation expense was $5,163 and $4,536, respectively, during the three months ended March 31, 2024 and 2023. A summary of unrecognized stock-based compensation expense and average remaining vesting period is as follows: March 31, 2024 Unrecognized Stock-Based Weighted-Average Remaining Vesting Period (Years) Employees and directors $ 33,171 1.52 A summary of stock-based compensation award activity (shares) during the three months ended March 31, 2024 is as follows: RSA RSU PRSU Balance at January 1, 2024 5,010,222 190,144 1,174,092 Granted 2,094,408 76,678 727,238 (1) Vested (2,123,830 ) (37,422 ) (507,488 ) (2) Forfeited (54,794 ) (1,949 ) — Balance at March 31, 2024 4,926,006 227,451 (3) 1,393,842 _____________________________ ( 1 ( 2 (3)

Stockholder Rights Plan

Stockholder Rights Plan	3 Months Ended
	Mar. 31, 2024
Stockholder Rights Plan [Abstract]
Stockholder Rights Plan	19. Stockholder Rights Plan On March 17, 2023, the Board of Directors of the Company adopted a stockholder rights plan, as set forth in the Stockholder Rights Agreement, dated March 17, 2023, between the Company and Continental Stock Transfer & Trust Company, as Rights Agent, as amended by Amendment No. 1 thereto, dated May 4, 2023 (“Amendment No. 1”), Amendment No. 2 thereto, dated May 10, 2023 (“Amendment No. 2”), Amendment No. 3 thereto, dated March 18, 2024 (“Amendment No. 3”), and Amendment No. 4 thereto, dated March 25, 2024 (“Amendment No. 4”) (as amended, the “Stockholder Rights Agreement”). At the Company’s 2023 annual meeting of stockholders held on June 16, 2023, the Company’s stockholders ratified the adoption by the Board of Directors of the original Stockholder Rights Agreement, as amended by Amendment No. 1 and Amendment No. 2. On March 18, 2024, the Company entered into Amendment No. 3, which extends the Stockholder Rights Agreement, such that the Rights will now expire on the close of business on March 17, 2025; provided that if the Company’s stockholders have not ratified the extension of the Stockholder Rights Agreement by the close of business on the first day after the Company’s 2024 annual meeting of stockholders (including any adjournments or postponements thereof), the Rights will expire at such time, in each case, unless previously redeemed or exchanged by the Company. Amendment No. 3 also changes the definition of “Exercise Price” in the Stockholder Rights Agreement from $32.00 to $45.00 per Unit (as defined below) to account for the difference in share price between when the Stockholder Rights Agreement was originally adopted and when it was extended. Pursuant to the terms of the Stockholder Rights Agreement, the Board of Directors declared a dividend distribution of (i) one Right (as defined below) for each outstanding share of common stock, par value $0.01 per share, of the Company’s common stock and (ii) 1,000 Rights for each outstanding share of the Company’s Series A Preferred Stock, to stockholders of record as of the close of business on March 28, 2023 (the “Record Date”). In addition, one Right will automatically attach to each share of common stock and 1,000 Rights will automatically attach to each share of Series A Preferred Stock, in each case, issued between the Record Date and the earlier of the Distribution Date (as defined below) and the expiration date of the Rights. Each “Right” entitles the registered holder thereof to purchase from the Company a unit consisting of one ten-thousandth of a share (a “Unit”) of Series B Junior Participating Cumulative Preferred Stock, par value $0.01 per share, of the Company (the “Series B Preferred Stock”) at a cash exercise price of $45.00 per Unit (the “Exercise Price”), subject to adjustment, under certain conditions specified in the Stockholder Rights Agreement and summarized below. Initially, the Rights are not exercisable and are attached to and trade with all shares of common stock and Series A Preferred Stock outstanding as of, and issued subsequent to, the Record Date. The Rights will separate from the common stock and Series A Preferred Stock and will become exercisable upon the earlier of (i) the close of business on the tenth calendar day following the first public announcement that a person or group of affiliated or associated persons (an “Acquiring Person”) has acquired beneficial ownership of 10% (or 20% in the case of passive stockholders or “13G Investors,” as defined in the Stockholder Rights Agreement) or more of the outstanding shares of common stock, other than as a result of repurchases of stock by the Company or certain inadvertent actions by a stockholder (the date of such announcement being referred to as the “Stock Acquisition Date”), or (ii) the close of business on the tenth business day (or such later day as the Board of Directors may determine) following the commencement of a tender offer or exchange offer that could result upon its consummation in a person or group becoming an Acquiring Person (the earlier of such dates being herein referred to as the “Distribution Date”). A person or group who beneficially owned 10% or more (or 20% or more in the case of 13G Investors) of the Company’s outstanding common stock prior to the first public announcement by the Company of the adoption of the Stockholder Rights Agreement will not trigger the Stockholder Rights Agreement so long as they do not acquire beneficial ownership of any additional shares of common stock at a time when they still beneficially own 10% or more (or 20% or more in the case of 13G Investors) of such common stock, subject to certain exceptions as set forth in the Stockholder Rights Agreement. For purposes of the Stockholder Rights Agreement, beneficial ownership is defined to include ownership of securities that are subject to a derivative transaction and acquired derivative securities. Swaps dealers unassociated with any control intent or intent to evade the purposes of the Stockholder Rights Agreement are excepted from such imputed beneficial ownership. Pursuant to Amendment No. 1, beneficial ownership did not include the right to vote pursuant to any agreement, arrangement or understanding with respect to voting on the proposal to approve and ratify the Stockholder Rights Agreement presented to the Company’s stockholders at the Company’s 2023 annual meeting of stockholders. Pursuant to Amendment No. 2, the parties to the SPA Agreement are not deemed to be “Acquiring Persons” solely by virtue of, or as a result of, the parties’ entry into the SPA Agreement, the issuance of the Series C Preferred Stock to GBH, and the performance or consummation of any of the other transactions contemplated by the SPA Agreement, among other conditions, under the terms and conditions set forth in Amendment No. 2. Pursuant to Amendment No. 4, beneficial ownership excludes the right to vote pursuant to any agreement, arrangement or understanding with respect to voting (i) arising solely from a revocable proxy or consent given in response to a public proxy or consent solicitation, or exempt solicitation, made pursuant to a written proxy or consent solicitation statement filed with the SEC and that is not also then reportable on Schedule 13D under the Exchange Act, or (ii) on a proposal to approve and ratify the Stockholder Rights Agreement (as amended from time to time), including any amendment thereto or extension thereof, presented to the Company’s stockholders at any annual or special meeting of the Company’s stockholders (including any adjournments or postponements thereof). In the event that a Stock Acquisition Date occurs, proper provision will be made so that each holder of a Right (other than an Acquiring Person or its associates or affiliates, whose Rights shall become null and void) will thereafter have the right to receive upon exercise, in lieu of a number of shares of Series B Preferred Stock, that number of shares of common stock of the Company (or, in certain circumstances, including if there are insufficient shares of common stock to permit the exercise in full of the Rights, Units of Series B Preferred Stock, other securities, cash or property, or any combination of the foregoing) having a market value of two times the Exercise Price of the Right (such right being referred to as the “Subscription Right”). In the event that, at any time following the Stock Acquisition Date, (i) the Company consolidates with, or merges with and into, any other person, and the Company is not the continuing or surviving corporation, (ii) any person consolidates with the Company, or merges with and into the Company and the Company is the continuing or surviving corporation of such merger and, in connection with such merger, all or part of the shares of common stock are changed into or exchanged for stock or other securities of any other person or cash or any other property, or (iii) 50% or more of the Company’s assets or earning power is sold, mortgaged or otherwise transferred, each holder of a Right (other than an Acquiring Person or its associates or affiliates, whose Rights shall become null and void) will thereafter have the right to receive, upon exercise, common stock of the acquiring company having a market value equal to two times the Exercise Price of the Right (such right being referred to as the “Merger Right”). The holder of a Right will continue to have the Merger Right whether or not such holder has exercised the Subscription Right. Rights that are or were beneficially owned by an Acquiring Person may (under certain circumstances specified in the Stockholder Rights Agreement) become null and void. The Rights may be redeemed in whole, but not in part, at a price of $0.01 per Right (payable in cash, common stock or other consideration deemed appropriate by the Board of Directors) by the Board of Directors only until the earlier of (i) the time at which any person becomes an Acquiring Person or (ii) the expiration date of the Stockholder Rights Agreement. Immediately upon the action of the Board of Directors ordering redemption of the Rights, the Rights will terminate and thereafter the only right of the holders of Rights will be to receive the redemption price. The Stockholder Rights Agreement may be amended by the Board of Directors in its sole discretion at any time prior to the time at which any person becomes an Acquiring Person. After such time the Board of Directors may, subject to certain limitations set forth in the Stockholder Rights Agreement, amend the Stockholder Rights Agreement only to cure any ambiguity, defect or inconsistency, to shorten or lengthen any time period, or to make changes that do not adversely affect the interests of Rights holders (excluding the interests of an Acquiring Person or its associates or affiliates). Until a Right is exercised, the holder will have no rights as a stockholder of the Company (beyond those as an existing stockholder), including the right to vote or to receive dividends. While the distribution of the Rights will not be taxable to stockholders or to the Company, stockholders may, depending upon the circumstances, recognize taxable income in the event that the Rights become exercisable for shares of common stock, other securities of the Company, other consideration or for common stock of an acquiring company. The Stockholder Rights Agreement provides the holders of the common stock with the ability to exempt an offer to acquire, or engage in another business combination transaction involving, the Company that is deemed a “Qualifying Offer” (as defined in the Stockholder Rights Agreement) from the terms of the Stockholder Rights Agreement. A Qualifying Offer is, in summary, an offer determined by a majority of the independent members of the Board to have specific characteristics that are generally intended to preclude offers that are coercive, abusive or highly contingent. Among those characteristics are that it be: (i) a fully financed all-cash tender offer or an exchange offer offering shares of common stock of the offeror, or a combination thereof, for any and all of the common stock; and (ii) an offer that is otherwise in the best interests of the Company’s stockholders. The Stockholder Rights Agreement provides additional characteristics necessary for an acquisition offer to be deemed a “Qualifying Offer,” including if the consideration offered in a proposed transaction is stock of the acquiror. Pursuant to the Stockholder Rights Agreement, if the Company receives a Qualifying Offer and the Board of Directors has not redeemed the outstanding Rights or exempted such Qualifying Offer from the terms of the Stockholder Rights Agreement or called a special meeting of stockholders (the “Special Meeting”) for the purpose of voting on whether to exempt such Qualifying Offer from the terms of the Stockholder Rights Agreement, in each case by the end of the 90 business day period following the commencement of such Qualifying Offer, provided such offer remains a Qualifying Offer during such period, the holders of 10% of the common stock may request that the Board call a Special Meeting to vote on a resolution authorizing the exemption of the Qualifying Offer from the terms of the Stockholder Rights Agreement. If such a Special Meeting is not held by the 90 th th

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	20. Earnings Per Share The following tables set forth reconciliations of the basic and diluted earnings per share computations for the periods presented: Three Months Ended Basic Earnings per Share 2024 2023 Net income $ 22,111 $ 16,233 Less: Income distributed to participating securities (462 ) (498 ) Less: Undistributed income allocable to participating securities (1,657 ) (1,206 ) Net income available to common stockholders — $ 19,992 $ 14,529 Weighted average common shares (in thousands) 146,464 143,862 Basic earnings per share $ 0.14 $ 0.10 Three Months Ended Diluted Earnings per Share 2024 2023 Net income available to common stockholders $ 19,992 $ 14,529 Add back: Undistributed income allocable to participating securities 1,657 1,206 Less: Reallocation of undistributed income allocable to participating securities considered potentially dilutive (1,622 ) (1,202 ) Net income available to common stockholders — $ 20,027 $ 14,533 Weighted average diluted shares (in thousands): Weighted average common shares 146,464 143,862 Dilutive effect of common stock equivalents, excluding participating securities 3,525 569 Weighted average diluted shares, excluding participating securities (in thousands) 149,989 144,431 Diluted earnings per share $ 0.13 $ 0.10 Diluted earnings per share presented above is calculated using the two-class method as this method results in the lowest diluted earnings per share amount for common stock. There were no antidilutive non-participating common stock equivalents for the three months ended March 31, 2024. Total antidilutive non-participating common stock equivalents were 695 for the three months ended March 31, 2023 (shares herein are reported in thousands). There were no potential common shares associated with the conversion options embedded in the Convertible Notes included in weighted average diluted shares for the three months ended March 31, 2024 and 2023 as the Company’s average stock price was lower than the conversion price. The following table reconciles weighted average diluted shares as reported on the Company’s Consolidated Statements of Operations for the three months ended March 31, 2024 and 2023, which are determined pursuant to the treasury stock method, to the weighted average diluted shares used to calculate diluted earnings/(loss) per share as disclosed in the table above: Three Months Ended March 31, Reconciliation of Weighted Average Diluted Shares (in thousands) 2024 2023 Weighted average diluted shares as disclosed on the Consolidated Statements of Operations 165,268 159,887 Less: Participating securities: Weighted average shares of common stock issuable upon conversion of the Series A Preferred Stock (Note 11) (14,750 ) (14,750 ) Potentially dilutive restricted stock awards (529 ) (706 ) Weighted average diluted shares used to calculate diluted earnings per share as disclosed in the table above 149,989 144,431

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2024
Income Taxes [Abstract]
Income Taxes	21. Income Taxes Effective Income Tax Rate – Three months ended March 31, 2024 and 2023 The Company’s effective income tax rate during the three months ended March 31, 2024 was 20.5%, resulting in income tax expense of $5,701. The effective income tax rate differs from the federal statutory tax rate of 21% primarily due to the decrease in the deferred tax asset valuation allowance on losses recognized on the Company’s financial instruments owned, tax windfalls associated with the vesting of stock-based compensation awards and a lower tax rate on foreign earnings. These items were partly offset by state and local income taxes. The Company’s effective income tax rate during the three months ended March 31, 2023 was 7.9% resulting in income tax expense of $1,383. The effective income tax rate differs from the federal statutory tax rate of 21% primarily due to a non-taxable gain on revaluation of deferred consideration and a $1,353 reduction in unrecognized tax benefits (including interest and penalties). These items were partly offset by a non-deductible loss on extinguishment of our convertible notes and an increase in the deferred tax asset valuation allowance on losses recognized on the Company’s investments. Deferred Tax Assets A summary of the components of the Company’s deferred tax assets at March 31, 2024 and December 31, 2023 is as follows: March 31, 2024 December 31, 2023 Deferred tax assets: Capital losses $ 22,349 $ 22,489 Accrued expenses 1,468 6,000 NOLs—Foreign 1,422 1,502 Stock-based compensation 884 2,468 Goodwill and intangible assets 848 895 Interest carryforwards 676 — Foreign currency translation adjustment 241 146 Operating lease liabilities 38 96 NOLs—U.S. — 127 Unrealized losses — 335 Other 434 401 Total deferred tax assets 28,360 34,459 March 31, 2024 December 31, 2023 Deferred tax liabilities: Unrealized gains 158 — Fixed assets and prepaid assets 155 296 Unremitted earnings—European subsidiaries 183 186 Right of use assets—operating leases 38 96 Total deferred tax liabilities: 534 578 Total deferred tax assets less deferred tax liabilities 27,826 33,881 Less: Valuation allowance (22,349 ) (22,824 ) Deferred tax assets, net $ 5,477 $ 11,057 Capital Losses – U.S. The Company’s tax effected capital losses at March 31, 2024 were $22,349. These capital losses expire between the years 2024 and 2029. Net Operating Losses – Europe One of the Company’s European subsidiaries generated net operating losses (“NOLs”) outside the U.S. These tax effected NOLs, all of which are carried forward indefinitely, were $1,422 at March 31, 2024. Valuation Allowance The Company’s valuation allowance has been established on its net capital losses, as it is more-likely-than-not that these deferred tax assets will not be realized. Income Tax Examinations The Company is subject to U.S. federal income tax as well as income tax of multiple state, local and certain foreign jurisdictions. As of March 31, 2024, with few exceptions, the Company was no longer subject to income tax examinations by any taxing authority for the years before 2019. Undistributed Earnings of Foreign Subsidiaries ASC 740-30 Income Taxes provides guidance that U.S. companies do not need to recognize tax effects on foreign earnings that are indefinitely reinvested. The Company repatriates earnings of its foreign subsidiaries and therefore has recognized a deferred tax liability of $183 and $186 at March 31, 2024 and December 31, 2023, respectively.

Shares Repurchased

Shares Repurchased	3 Months Ended
	Mar. 31, 2024
Shares Repurchased [Abstract]
Shares Repurchased	22. Shares Repurchased On February 22, 2022, the Company’s Board of Directors approved an increase of $85,709 to the Company’s share repurchase program to $100,000 and extended the term for three years through April 27, 2025. Included under the Company’s share repurchase program are purchases to offset future equity grants made under the Company’s equity plans and purchases made in open market or privately negotiated transactions. This authority may be exercised from time to time, subject to regulatory considerations. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions and other corporate liquidity requirements and priorities. The repurchase program may be suspended or terminated at any time without prior notice. Shares repurchased under this program are returned to the status of authorized and unissued on the Company’s books and records. During the three months ended March 31, 2024 and 2023, the Company repurchased 1,096,278 and 604,505 shares of its common stock under this program for an aggregate cost of $7,820 and $3,384, respectively. Shares repurchased under this program were returned to the status of authorized and unissued on the Company’s books and records. As of March 31, 2024, $88,585 remained under this program for future purchases.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets [Abstract]
Goodwill and Intangible Assets	23. Goodwill and Intangible Assets Goodwill The table below sets forth goodwill which is tested annually for impairment on November 30 th Total Balance at January 1, 2024 $ 86,841 Changes — Balance at March 31, 2024 $ 86,841 Of the total goodwill of $86,841 at March 31, 2024, $85,042 is not deductible for tax purposes as the acquisitions that gave rise to the goodwill were structured as stock acquisitions. The remainder of the goodwill is deductible for U.S. tax purposes. Intangible Assets The table below sets forth the Company’s intangible assets which are tested annually for impairment on November 30 th Balance at March 31, 2024 Item Gross Asset Accumulated Net Asset ETFS Acquisition $ 601,247 $ — $ 601,247 Software development 5,111 (1,011 ) 4,100 Balance at March 31, 2024 $ 606,358 $ (1,011 ) $ 605,347 Balance at December 31, 2023 Item Gross Asset Accumulated Net Asset ETFS Acquisition $ 601,247 $ — $ 601,247 Software development 4,519 (684 ) 3,835 Balance at December 31, 2023 $ 605,766 $ (684 ) $ 605,082 ETFS Acquisition (Indefinite-Lived) In connection with the ETFS Acquisition, which was completed on April 11, 2018, the Company identified intangible assets valued at $601,247 related to the right to manage AUM through customary advisory agreements. These intangible assets were determined to have indefinite useful lives and are not deductible for tax purposes. Software Development (Finite-Lived) Internally-developed software is amortized over a useful life of three years. During the three months ended March 31, 2024 and 2023, the Company recognized amortization expense on internally-developed software of $327 and $51, respectively. As of March 31, 2024, expected amortization expense for the unamortized finite-lived intangible assets for the next five years and thereafter is as follows: Remainder of 2024 $ 1,276 2025 1,655 2026 1,073 2027 96 2028 and thereafter — Total expected amortization expense $ 4,100 The weighted-average remaining useful life of the finite-lived intangible assets is 2.5 years.

Contingent Payments

Contingent Payments	3 Months Ended
	Mar. 31, 2024
Contingent Payments [Abstract]
Contingent Payments	24. Contingent Payments Sale of Canadian ETF Business During the three months ended March 31, 2023, the Company recognized a gain of $1,477 from remeasuring a contingent payment to its realizable value. This gain was recorded in other gains and losses, net.

Impairments

Impairments	3 Months Ended
	Mar. 31, 2024
Impairments [Abstract]
Impairments	25. Impairments During the three months ending March, 31, 2023, the Company recognized an impairment of $4,900 on its investment in Securrency, Inc. to reduce the carrying value of its investment to fair value.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Segment Information	26. Segment Information The Company, through its subsidiaries in the U.S. and Europe, is a global financial innovator, offering a well-diversified suite of ETPs, models, solutions and products leveraging blockchain technology. The Company conducts business as a single operating segment as an ETP sponsor and asset manager, which is based upon the Company’s current organizational and management structure, as well as information used by the CODM to allocate resources and other factors. The accounting policies of the segment are the same as those described in Note 2. The key measures of segment profit or loss that the CODM uses to allocate resources and assess performance are the Company’s consolidated adjusted operating income and adjusted operating income margin, which are exclusive of items that are non-recurring or not core to the Company’s operating business. The table below shows a reconciliation of the Company’s operating income and operating income margin as computed under U.S. GAAP to the Company’s Non-GAAP adjusted operating income and adjusted operating income margin utilized by the CODM: Three Months Ended March 31, 2024 2023 Operating revenues $ 96,838 $ 82,044 Operating income 27,950 16,571 Add back: Expenses incurred in response to an activist campaign 695 967 Adjusted operating income $ 28,645 $ 17,538 Operating income margin 28.9 % 20.2 % Adjusted operating income margin 29.6 % 21.4 % The CODM also uses net income, as reported on the Consolidated Statements of Operations, as an additional measure when determining investments for growth initiatives and the Company’s ability to pay dividends. Assets provided to the CODM are consistent with those reported on the Consolidated Balance Sheets with particular emphasis on the Company’s available liquidity, including its cash, cash equivalents and restricted cash, financial instruments owned, accounts receivable and securities held-to-maturity, reduced by current liabilities, seed capital and regulatory capital requirements. There are no intra-entity sales or transfers and no significant expense categories regularly provided to the CODM beyond those disclosed in the Consolidated Statements of Operations. The CODM manages the business using consolidated expense information, adjusted for items that are non-recurring or not core to the Company’s operating business as disclosed in the table above, as well as regularly provided budgeted or forecasted expense information for the single operating segment. Information related to the Company’s products and services and geographical distribution of revenues is disclosed in Note 16.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	27. Subsequent Events The Company evaluated subsequent events through the date of issuance of the accompanying consolidated financial statements. There were no events requiring disclosure.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	3 Months Ended
	Mar. 31, 2024
Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) and in the opinion of management reflect all adjustments, consisting of only normal recurring adjustments, necessary for a fair presentation of the financial statements. The consolidated financial statements include the accounts of the Company’s wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
Consolidation	Consolidation The Company consolidates entities in which it has a controlling financial interest. The Company determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity (“VOE”) or a variable interest entity (“VIE”). The usual condition for a controlling financial interest in a VOE is ownership of a majority voting interest. If the Company has a majority voting interest in a VOE, the entity is consolidated. The Company has a controlling financial interest in a VIE when the Company has a variable interest that provides it with (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company reassesses its evaluation of whether an entity is a VOE or VIE when certain reconsideration events occur.
Segment and Geographic Information	Segment and Geographic Information The Company, through its subsidiaries in the U.S. and Europe, is a global financial innovator, offering a well-diversified suite of ETPs, models, solutions and products leveraging blockchain technology. The Company conducts business as a single operating segment as an ETP sponsor and asset manager, which is based upon the Company’s current organizational and management structure, as well as information used by the Company’s Chief Executive Officer (the chief operating decision maker, or CODM) to allocate resources and other factors.
Foreign Currency Translation	Foreign Currency Translation Assets and liabilities of subsidiaries whose functional currency is not the U.S. dollar are translated based on the end of period exchange rates from local currency to U.S. dollars. Results of operations are translated at the average exchange rates in effect during the period. The impact of the foreign currency translation adjustment is included in the Consolidated Statements of Comprehensive Income as a component of other comprehensive (loss)/income.
Use of Estimates	Use of Estimates The preparation of the Company’s consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the balance sheet dates and the reported amounts of revenues and expenses for the periods presented. Actual results could differ materially from those estimates.
Revenue Recognition	Revenue Recognition The Company earns substantially all of its revenue in the form of advisory fees from its ETPs and recognizes this revenue over time, as the performance obligation is satisfied. Advisory fees are based on a percentage of the ETPs’ average daily net assets. Progress is measured using the practical expedient under the output method resulting in the recognition of revenue in the amount for which the Company has a right to invoice.
Contractual Gold Payments	Contractual Gold Payments Contractual gold payments were measured and paid monthly based upon the average daily spot price of gold. The Company’s obligation to continue making these payments terminated on May 10, 2023.
Marketing and Advertising	Marketing and Advertising Marketing and advertising costs, including media advertising and production costs, are expensed when incurred.
Depreciation and Amortization	Depreciation and Amortization Depreciation and amortization is provided for using the straight-line method over the estimated useful lives of the related assets as follows: Equipment 3 to 5 years Internally-developed software 3 years The assets listed above are recorded at cost less accumulated depreciation and amortization.
Stock-Based Awards	Stock-Based Awards Accounting for stock-based compensation requires the measurement and recognition of compensation expense for all equity awards based on estimated fair values. Stock-based compensation is measured based on the grant-date fair value of the award and is amortized over the relevant service period. Forfeitures are recognized when they occur.
Third-Party Distribution Fees	Third-Party Distribution Fees The Company pays a percentage of its advisory fee revenues based on incremental growth in assets under management (“AUM”), subject to caps or minimums, to marketing agents to sell WisdomTree ETPs and for including WisdomTree ETPs on third-party customer platforms and recognizes these expenses as incurred.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash The Company considers all highly liquid investments with an original maturity of 90 days or less at the time of purchase to be classified as cash equivalents. The Company maintains deposits with financial institutions in an amount that is in excess of federally insured limits. Restricted cash is required to be maintained in a separate account with withdrawal and usage restrictions.
Accounts Receivable	Accounts Receivable Accounts receivable are customer and other obligations due under normal trade terms. The Company measures credit losses, if any, by applying historical loss rates, adjusted for current conditions and reasonable and supportable forecasts to amounts outstanding using the aging method.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company performs a review for the impairment of long-lived assets when events or changes in circumstances indicate that the estimated undiscounted future cash flows expected to be generated by the assets are less than their carrying amounts or when other events occur which may indicate that the carrying amount of an asset may not be recoverable.
Financial Instruments Owned and Financial Instruments Sold, but Not yet Purchased (at Fair Value)	Financial Instruments Owned and Financial Instruments Sold, but Not yet Purchased (at Fair Value) Financial instruments owned and financial instruments sold, but not yet purchased are financial instruments classified as either trading or available-for-sale (“AFS”). These financial instruments are recorded on their trade date and are measured at fair value. All equity instruments that have readily determinable fair values are classified by the Company as trading. Debt instruments are classified based primarily on the Company’s intent to hold or sell the instrument. Changes in the fair value of debt instruments classified as trading and AFS are reported in other income/(expenses) and other comprehensive income, respectively, in the period the change occurs. Debt instruments classified as AFS are assessed for impairment on a quarterly basis and an estimate for credit loss is provided when the fair value of the AFS debt instrument is below its amortized cost basis. Credit-related impairments are recognized in earnings with a corresponding adjustment to the instrument’s amortized cost basis if the Company intends to sell the impaired AFS debt instrument or it is more likely than not the Company will be required to sell the instrument before recovering its amortized cost basis. Other credit-related impairments are recognized as an allowance with a corresponding adjustment to earnings. Impairments resulting from noncredit-related factors are recognized in other comprehensive income. Amounts recorded in other comprehensive income are reclassified into earnings upon sale of the AFS debt instrument using the specific identification method.
Securities Held-to-Maturity	Securities Held-to-Maturity The Company accounts for certain of its securities as held-to-maturity on a trade date basis, which are recorded at amortized cost. For held-to-maturity securities, the Company has the intent and ability to hold these securities to maturity and it is not more-likely-than-not that the Company will be required to sell these securities before recovery of their amortized cost bases, which may be maturity. Held-to-maturity securities are placed on non-accrual status when the Company is in receipt of information indicating collection of interest is doubtful. Cash received on held-to-maturity securities placed on non-accrual status is recognized on a cash basis as interest income if and when received. The Company reviews its portfolio of held-to-maturity securities for impairment on a quarterly basis, recognizing an allowance, if any, by applying an estimated loss rate after consideration for the nature of collateral securing the financial asset as well as potential future changes in collateral values and historical loss information for financial assets secured with similar collateral. Investments in pass-through government-sponsored enterprises (“GSEs”) are determined to have an estimated loss rate of zero due to an implicit U.S. government guarantee.
Investments	Investments The Company accounts for equity investments that do not have a readily determinable fair value under the measurement alternative prescribed in Accounting Standards Codification (“ASC”) Topic 321, Investments – Equity Securities (“ASC 321”), to the extent such investments are not subject to consolidation or the equity method. Under the measurement alternative, these financial instruments are carried at cost, less any impairment (assessed quarterly), plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer. In addition, income is recognized when dividends are received only to the extent they are distributed from net accumulated earnings of the investee. Otherwise, such distributions are considered returns of investment and are recorded as a reduction of the cost of the investment. Investments in debt instruments are accounted for at fair value, with changes in fair value reported in other income/(expenses).
Goodwill	Goodwill Goodwill is the excess of the purchase price over the fair values of the identifiable net assets at the acquisition date. The Company tests goodwill for impairment at least annually and at the time of a triggering event requiring re-evaluation, if one were to occur. Goodwill is considered impaired when the estimated fair value of the reporting unit that was allocated the goodwill is less than its carrying value. If the estimated fair value of such reporting unit is less than its carrying value, goodwill impairment is recognized based on that difference, not to exceed the carrying amount of goodwill. A reporting unit is an operating segment or a component of an operating segment provided that the component constitutes a business for which discrete financial information is available and management regularly reviews the operating results of that component. Goodwill is allocated to the Company’s U.S. business and European business components. For impairment testing purposes, these components are aggregated as a single reporting unit as they fall under the same operating segment and have similar economic characteristics. Goodwill is assessed for impairment annually on November 30 th
Intangible Assets	Intangible Assets Indefinite-lived intangible assets are tested for impairment at least annually and are also reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Indefinite-lived intangible assets are impaired if their estimated fair values are less than their carrying values. Finite-lived intangible assets, if any, are amortized over their estimated useful life, which is the period over which the assets are expected to contribute directly or indirectly to the future cash flows of the Company. These intangible assets are tested for impairment at the time of a triggering event, if one were to occur. Finite-lived intangible assets may be impaired when the estimated undiscounted future cash flows generated from the assets are less than their carrying amounts. The Company may rely on a qualitative assessment when performing its intangible asset impairment test. Otherwise, the impairment evaluation is performed at the lowest level of reasonably identifiable cash flows independent of other assets. The annual impairment testing date for all of the Company’s intangible assets is November 30 th
Software Development Costs	Software Development Costs Software development costs incurred after the preliminary project stage is complete are capitalized if it is probable that the project will be completed and the software will be used as intended. Capitalized costs consist of employee compensation costs and fees paid to third parties who are directly involved in the application development efforts and are included in intangible assets, net in the Consolidated Balance Sheets. Such costs are amortized over the estimated useful life of the software on a straight-line basis and are included in depreciation and amortization in the Consolidated Statements of Operations. Once the application development stage is complete, additional costs are expensed as incurred.
Leases	Leases The Company accounts for its lease obligations in accordance with ASC Topic 842, Leases (“ASC 842”), which requires the recognition of both (i) a lease liability equal to the present value of the remaining lease payments and (ii) an offsetting right-of-use asset. The remaining lease payments are discounted using the rate implicit in the lease, if known, or otherwise the Company’s incremental borrowing rate. After lease commencement, right-of-use assets are assessed for impairment and otherwise are amortized over the remaining lease term on a straight-line basis. These recognition requirements are not applied to short-term leases, which are those with a lease term of 12 months or less. Instead, lease payments associated with short-term leases are recognized as an expense on a straight-line basis over the lease term. ASC 842 also provides a practical expedient which allows for consideration in a contract to be accounted for as a single lease component rather than allocated between lease and non-lease components. The Company has elected to apply this practical expedient to all lease contracts, where applicable.
Deferred Consideration—Gold Payments	Deferred Consideration—Gold Payments Deferred consideration—gold payments represented the present value of an obligation to pay gold to a third party into perpetuity and was measured using forward-looking gold prices observed on the CMX exchange, a selected discount rate and perpetual growth rate (Note 9). Changes in the fair value of this obligation were reported as gain on revaluation/termination of deferred consideration—gold payments in the Consolidated Statements of Operations.
Convertible Notes	Convertible Notes Convertible notes are carried at amortized cost, net of issuance costs. The Company accounts for convertible instruments as a single liability (applicable to the convertible notes) or equity with no separate accounting for embedded conversion features unless the conversion feature meets the criteria for accounting under the substantial premium model or does not qualify for a derivative scope exception. Interest expense is recognized using the effective interest method and includes amortization of issuance costs over the life of the debt.
Contingencies	Contingencies The Company may be subject to reviews, inspections and investigations by regulatory authorities as well as legal proceedings arising in the ordinary course of business. The Company evaluates the likelihood of an unfavorable outcome of all legal or regulatory proceedings to which it is a party and accrues a loss contingency when the loss is probable and reasonably estimable.
Contingent Payments	Contingent Payments The Company recognizes a gain on contingent payments when the contingency is resolved and the gain is realized.
Earnings per Share	Earnings per Share Basic earnings per share (“EPS”) is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding for the period. Net income available to common stockholders represents net income of the Company reduced by an allocation of earnings to participating securities. The Series A non-voting convertible preferred stock (Note 11) and unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and are included in the computation of EPS pursuant to the two-class method. Share-based payment awards that do not contain such rights are not deemed participating securities and are included in diluted shares outstanding (if dilutive). Diluted EPS is calculated under the treasury stock method and the two-class method. The calculation that results in the lowest diluted EPS amount for the common stock is reported in the Company’s consolidated financial statements. The treasury stock method includes the dilutive effect of potential common shares including unvested stock-based awards, the Series A non-voting convertible preferred stock and the convertible notes, if any. Potential common shares associated with the Series A non-voting convertible preferred stock and the convertible notes are computed under the if-converted method. Potential common shares associated with the conversion option embedded in the convertible notes are dilutive when the Company’s average stock price exceeds the conversion price.
Income Taxes	Income Taxes The Company accounts for income taxes using the liability method, which requires the determination of deferred tax assets and liabilities based on the differences between the financial and tax bases of assets and liabilities using the enacted tax rates in effect for the year in which differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more-likely-than-not that some portion or all the deferred tax assets will not be realized. Tax positions are evaluated utilizing a two-step process. The Company first determines whether any of its tax positions are more-likely-than-not to be sustained upon examination, based solely on the technical merits of the position. Once it is determined that a position meets this recognition threshold, the position is measured as the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. The Company records interest expense and penalties related to tax expenses as income tax expense. The Global Intangible Low-Taxed Income (“GILTI”) provisions of the Tax Reform Act requires the Company to include in its U.S. income tax return foreign subsidiary earnings in excess of an allowable return on the foreign subsidiary’s tangible assets. An accounting policy election is available to either account for the tax effects of GILTI in the period that is subject to such taxes or to provide deferred taxes for book and tax basis differences that upon reversal may be subject to such taxes. The Company accounts for the tax effects of these provisions in the period that is subject to such tax. Non-income based taxes are recorded as part of other liabilities and other expenses.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements On December 14, 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-09, Improvements to Income Tax Disclosures
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements On January 1, 2024, the Company adopted ASU 2023-07, Segment Reporting—Improvements to Reportable Segment Disclosures On January 1, 2024, the Company early adopted ASU 2023-08, Accounting for and Disclosure of Crypto Assets

Significant Accounting Polici_2

Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2024
Depreciation Method, Straight-Line [Member]
Significant Accounting Policies [Line Items]
Schedule of Depreciation and Amortization	Depreciation and amortization is provided for using the straight-line method over the estimated useful lives of the related assets as follows: Equipment 3 to 5 years Internally-developed software 3 years

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Measurements [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value	The tables below summarize the categorization of the Company’s assets and liabilities measured at fair value. During the three months ended March 31, 2024 and 2023, there were no transfers between Levels 2 and 3. March 31, 2024 Total Level 1 Level 2 Level 3 Assets: Recurring fair value measurements: Cash equivalents $ 13,795 $ 13,795 $ — $ — Financial instruments owned, at fair value: ETFs 34,058 34,058 — — Pass-through GSEs 9,948 — 9,948 — Other assets—seed capital (WisdomTree Digital Funds): U.S. treasuries 5,261 — 5,261 — Equities 7,095 7,095 — — Fixed income 1,939 1,014 925 — Total $ 72,096 $ 55,962 $ 16,134 $ — December 31, 2023 Total Level 1 Level 2 Level 3 Assets: Recurring fair value measurements: Cash equivalents $ 50,226 $ 50,226 $ — $ — Financial instruments owned, at fair value ETFs 35,181 35,181 — — Pass-through GSEs 10,240 — 10,240 — Other assets—seed capital (WisdomTree Digital Funds) U.S. treasuries 5,007 — 5,007 — Equities 6,337 6,337 — — Fixed income 1,957 1,008 949 — Total $ 108,948 $ 92,752 $ 16,196 $ — Non-recurring fair value measurements: Fnality International Limited—Series B-1 Preference Shares 0F (1 ) 9,684 — — 9,684 Other investments ( 1F1F 2 ) — — — — Total $ 9,684 $ — $ — $ 9,684 ( 1 ( 2

Financial Instruments Owned (Ta

Financial Instruments Owned (Tables)	3 Months Ended
	Mar. 31, 2024
Financial Instruments Owned [Abstract]
Schedule of Financial Instruments Owned	These instruments consist of the following: March 31, December 31, Financial instruments owned Trading securities $ 44,006 $ 45,421 Other assets—seed capital (WisdomTree Digital Funds) 14,295 13,301 Total $ 58,301 $ 58,722

Securities Held-to-Maturity (Ta

Securities Held-to-Maturity (Tables)	3 Months Ended
	Mar. 31, 2024
Securities Held-to-Maturity [Abstract]
Schedule of Securities Held-to-Maturity	The following table is a summary of the Company’s securities held-to-maturity: March 31, 2024 December 31, 2023 Debt instruments: Pass-through GSEs (amortized cost) $ 224 $ 230
Schedule of Unrealized Losses, Gains and Fair Value of Securities Held-to-Maturity	The following table summarizes unrealized losses, gains and fair value (classified as Level 2 within the fair value hierarchy) of securities held-to-maturity: March 31, 2024 December 31, 2023 Cost/amortized cost $ 224 $ 230 Gross unrealized losses (19 ) (15 ) Fair value $ 205 $ 215
Schedule of Maturity Profile of the Securities Held-to-Maturity	The following table sets forth the maturity profile of the securities held-to-maturity; however, these securities may be called prior to the maturity date: March 31, 2024 December 31, 2023 Due within one year $ — $ — Due one year through five years — — Due five years through ten years 21 22 Due over ten years 203 208 Total $ 224 $ 230

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2024
Investments [Abstract]
Schedule of Investments	The following table sets forth the Company’s investments: March 31, 2024 December 31, 2023 Carrying Value Cost Carrying Value Cost Fnality International Limited—Series B-1 Preference Shares $ 9,606 $ 8,091 $ 9,684 $ 8,091 Total $ 9,606 $ 8,091 $ 9,684 $ 8,091

Fixed Assets, Net (Tables)

Fixed Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2024
Fixed Assets, net [Abstract]
Schedule of Fixed Assets	The following table summarizes fixed assets: March 31, 2024 December 31, 2023 Equipment $ 998 $ 1,097 Less: accumulated depreciation (562 ) (670 ) Total $ 436 $ 427

Deferred Consideration_Gold P_2

Deferred Consideration—Gold Payments (Tables)	3 Months Ended
	Mar. 31, 2024
Deferred Consideration Gold Payments [Abstract]
Schedule of Deferred Consideration	During the three months ended March 31, 2024 and 2023, the Company recognized the following in respect of deferred consideration—gold payments: Three Months Ended March 31, 2024 2023 Contractual gold payments $ — $ 4,486 Contractual gold payments — — 2,375 Gain on revaluation/termination of deferred consideration — $ — $ 20,592

Convertible Notes (Tables)

Convertible Notes (Tables)	3 Months Ended
	Mar. 31, 2024
Convertible Notes [Abstract]
Schedule of Key Terms of Convertible Notes	Key terms of the Convertible Notes are as follows: 2023 Notes 2021 Notes Principal outstanding $130,000 $150,000 Maturity date (unless earlier converted, repurchased or redeemed) August 15, 2028 June 15, 2026 Interest rate 5.75% 3.25% Conversion price $9.54 $11.04 Conversion rate 104.8658 90.5797 Redemption price $12.40 $14.35
Schedule of Convertible Notes	The following table provides a summary of the Convertible Notes at March 31, 2024 and December 31, 2023: March 31, 2024 December 31, 2023 2023 Notes 2021 Notes Total 2023 Notes 2021 Notes Total Principal amount $ 130,000 $ 150,000 $ 280,000 $ 130,000 $ 150,000 $ 280,000 Plus: Premium — — — — — — Gross proceeds 130,000 150,000 280,000 130,000 150,000 280,000 Less: Unamortized issuance costs (2,827 ) (1,910 ) (4,737 ) (2,987 ) (2,125 ) (5,112 ) Carrying amount $ 127,173 $ 148,090 $ 275,263 $ 127,013 $ 147,875 $ 274,888 Effective interest rate ( 5F 1 ) 6.25% 3.83% 4.96% 6.25% 3.83% 4.96% ( 1

Series A Preferred Stock (Table

Series A Preferred Stock (Tables)	3 Months Ended
	Mar. 31, 2024
Preferred Stock [Abstract]
Schedule of Series A Preferred Stock Balance	The following is a summary of the Series A Preferred Stock balance: March 31, 2024 December 31, 2023 Issuance of Series A Preferred Stock $ 132,750 $ 132,750 Less: Issuance costs (181 ) (181 ) Series A Preferred Stock—carrying value $ 132,569 $ 132,569 Cash dividends declared per share (quarterly) $ 0.03 $ 0.03

Payable to Gold Bullion Holdi_2

Payable to Gold Bullion Holdings (Jersey) Limited (“GBH”) (Tables)	3 Months Ended
	Mar. 31, 2024
Payable to Gold Bullion Holdings Jersey Limited GBH [Abstract]
Schedule of Aggregate Consideration Payable	The aggregate consideration payable was valued at $38,835 on the closing date and the carrying value of this obligation is as follows: March 31, 2024 December 31, 2023 Current: $ 14,804 $ 14,804 Long-term 24,994 24,328 Total $ 39,798 $ 39,132

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Schedule of Additional Information Related to Operating Lease	The following table provides additional information regarding the Company’s leases: Three Months Ended March 31, 2024 2023 Lease cost Operating lease cost $ 324 $ 319 Short-term lease cost 93 56 Total lease cost $ 417 $ 375 Other information Cash paid for amounts included in the measurement of operating $ 332 $ 326 Right-of-use assets obtained in exchange for new operating lease n/a n/a Weighted-average remaining lease term (in years) — 0.2 1.0 Weighted-average discount rate — 5.8 % 6.5 %
Schedule of Future Minimum Lease Payments	The following table discloses future minimum lease payments at March 31, 2024 with respect to the Company’s operating lease liabilities: Remainder of 2024 $ 251 2025 and thereafter — Total future minimum lease payments (undiscounted) $ 251
Schedule of Reconciles Future Minimum Lease Payments	The following table reconciles the future minimum lease payments (disclosed above) at March 31, 2024 to the operating lease liabilities recognized in the Company’s Consolidated Balance Sheets: Amounts recognized in the Company’s Consolidated Balance Sheets Lease liability — $ 251 Difference between undiscounted and discounted cash flows — Total future minimum lease payments (undiscounted) $ 251

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2024
Variable Interest Entities [Abstract]
Schedule of Variable Interests in Non-Consolidated VIEs	The following table presents information about the Company’s variable interests in non-consolidated VIEs: March 31, 2024 December 31, 2023 Carrying Amount — Fnality Series B-1 Preference Shares (Note 7) 9,606 9,684 Total $ 9,606 $ 9,684 Maximum exposure to loss $ 9,606 $ 9,684

Revenues from Contracts with _2

Revenues from Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2024
Revenues from Contracts with Customers [Abstract]
Schedule of Revenues from Contracts with Customers	The following table presents the Company’s total revenues from contracts with customers: Three Months Ended March 31, 2024 2023 Revenues from contracts with customers: Advisory fees $ 92,501 $ 77,637 Other 4,337 4,407 Total operating revenues $ 96,838 $ 82,044
Schedule of Geographic Distribution of Revenues	The following table presents the Company’s total revenues geographically as determined by where the respective management companies reside: Three Months Ended March 31, 2024 2023 Revenues from contracts with customers: United States $ 65,830 $ 49,681 Jersey 26,094 29,053 Ireland 4,914 3,310 Total operating revenues $ 96,838 $ 82,044

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
Schedule of Accounts Receivable from Related Parties	The following table summarizes accounts receivable from related parties which are included as a component of accounts receivable in the Consolidated Balance Sheets: March 31, 2024 December 31, 2023 Receivable from WTT $ 23,535 $ 21,226 Receivable from ManJer Issuers 4,621 4,411 Receivable from WMAI and WTICAV 3,022 2,874 Total $ 31,178 $ 28,511
Schedule of Revenues from Advisory Services Provided to Related Parties	The following table summarizes revenues from advisory services provided to related parties: Three Months Ended March 31, 2024 2023 Advisory services provided to WTT $ 64,902 $ 49,487 Advisory services provided to ManJer Issuers 22,685 24,840 Advisory services provided to WMAI and WTICAV 4,914 3,310 Total $ 92,501 $ 77,637

Stock-Based Awards (Tables)

Stock-Based Awards (Tables)	3 Months Ended
	Mar. 31, 2024
Stock-Based Awards [Abstract]
Schedule of Unrecognized Stock-Based Compensation Expense and Average Remaining Vesting Period	A summary of unrecognized stock-based compensation expense and average remaining vesting period is as follows: March 31, 2024 Unrecognized Stock-Based Weighted-Average Remaining Vesting Period (Years) Employees and directors $ 33,171 1.52
Schedule of Stock Based Compensation Award Activity	A summary of stock-based compensation award activity (shares) during the three months ended March 31, 2024 is as follows: RSA RSU PRSU Balance at January 1, 2024 5,010,222 190,144 1,174,092 Granted 2,094,408 76,678 727,238 (1) Vested (2,123,830 ) (37,422 ) (507,488 ) (2) Forfeited (54,794 ) (1,949 ) — Balance at March 31, 2024 4,926,006 227,451 (3) 1,393,842 ( 1 ( 2 (3)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Reconciliation of Basic and Diluted Earnings Per Share	The following tables set forth reconciliations of the basic and diluted earnings per share computations for the periods presented: Three Months Ended Basic Earnings per Share 2024 2023 Net income $ 22,111 $ 16,233 Less: Income distributed to participating securities (462 ) (498 ) Less: Undistributed income allocable to participating securities (1,657 ) (1,206 ) Net income available to common stockholders — $ 19,992 $ 14,529 Weighted average common shares (in thousands) 146,464 143,862 Basic earnings per share $ 0.14 $ 0.10 Three Months Ended Diluted Earnings per Share 2024 2023 Net income available to common stockholders $ 19,992 $ 14,529 Add back: Undistributed income allocable to participating securities 1,657 1,206 Less: Reallocation of undistributed income allocable to participating securities considered potentially dilutive (1,622 ) (1,202 ) Net income available to common stockholders — $ 20,027 $ 14,533 Weighted average diluted shares (in thousands): Weighted average common shares 146,464 143,862 Dilutive effect of common stock equivalents, excluding participating securities 3,525 569 Weighted average diluted shares, excluding participating securities (in thousands) 149,989 144,431 Diluted earnings per share $ 0.13 $ 0.10
Schedule of Weighted Average Number of Shares	The following table reconciles weighted average diluted shares as reported on the Company’s Consolidated Statements of Operations for the three months ended March 31, 2024 and 2023, which are determined pursuant to the treasury stock method, to the weighted average diluted shares used to calculate diluted earnings/(loss) per share as disclosed in the table above: Three Months Ended March 31, Reconciliation of Weighted Average Diluted Shares (in thousands) 2024 2023 Weighted average diluted shares as disclosed on the Consolidated Statements of Operations 165,268 159,887 Less: Participating securities: Weighted average shares of common stock issuable upon conversion of the Series A Preferred Stock (Note 11) (14,750 ) (14,750 ) Potentially dilutive restricted stock awards (529 ) (706 ) Weighted average diluted shares used to calculate diluted earnings per share as disclosed in the table above 149,989 144,431

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2024
Income Taxes [Abstract]
Schedule of Components of the Company’s Deferred Tax Assets	A summary of the components of the Company’s deferred tax assets at March 31, 2024 and December 31, 2023 is as follows: March 31, 2024 December 31, 2023 Deferred tax assets: Capital losses $ 22,349 $ 22,489 Accrued expenses 1,468 6,000 NOLs—Foreign 1,422 1,502 Stock-based compensation 884 2,468 Goodwill and intangible assets 848 895 Interest carryforwards 676 — Foreign currency translation adjustment 241 146 Operating lease liabilities 38 96 NOLs—U.S. — 127 Unrealized losses — 335 Other 434 401 Total deferred tax assets 28,360 34,459 March 31, 2024 December 31, 2023 Deferred tax liabilities: Unrealized gains 158 — Fixed assets and prepaid assets 155 296 Unremitted earnings—European subsidiaries 183 186 Right of use assets—operating leases 38 96 Total deferred tax liabilities: 534 578 Total deferred tax assets less deferred tax liabilities 27,826 33,881 Less: Valuation allowance (22,349 ) (22,824 ) Deferred tax assets, net $ 5,477 $ 11,057

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets [Abstract]
Schedule of Goodwill	The table below sets forth goodwill which is tested annually for impairment on November 30 th Total Balance at January 1, 2024 $ 86,841 Changes — Balance at March 31, 2024 $ 86,841
Schedule of Intangible Assets	The table below sets forth the Company’s intangible assets which are tested annually for impairment on November 30 th Balance at March 31, 2024 Item Gross Asset Accumulated Net Asset ETFS Acquisition $ 601,247 $ — $ 601,247 Software development 5,111 (1,011 ) 4,100 Balance at March 31, 2024 $ 606,358 $ (1,011 ) $ 605,347 Balance at December 31, 2023 Item Gross Asset Accumulated Net Asset ETFS Acquisition $ 601,247 $ — $ 601,247 Software development 4,519 (684 ) 3,835 Balance at December 31, 2023 $ 605,766 $ (684 ) $ 605,082
Schedule of Expected Amortization Expense	As of March 31, 2024, expected amortization expense for the unamortized finite-lived intangible assets for the next five years and thereafter is as follows: Remainder of 2024 $ 1,276 2025 1,655 2026 1,073 2027 96 2028 and thereafter — Total expected amortization expense $ 4,100

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Operating Income	The table below shows a reconciliation of the Company’s operating income and operating income margin as computed under U.S. GAAP to the Company’s Non-GAAP adjusted operating income and adjusted operating income margin utilized by the CODM: Three Months Ended March 31, 2024 2023 Operating revenues $ 96,838 $ 82,044 Operating income 27,950 16,571 Add back: Expenses incurred in response to an activist campaign 695 967 Adjusted operating income $ 28,645 $ 17,538 Operating income margin 28.9 % 20.2 % Adjusted operating income margin 29.6 % 21.4 %

Significant Accounting Polici_3

Significant Accounting Policies (Details)	3 Months Ended
	Mar. 31, 2024
Significant Accounting Policies [Abstract]
Benefit percentage of tax rate	50%

Significant Accounting Polici_4

Significant Accounting Policies (Details) - Schedule of Depreciation and Amortization	Dec. 31, 2008
Software Development [Member]
Schedule of Depreciation and Amortization [Line Items]
Estimated useful lives	3 years
Minimum [Member] | Equipment [Member]
Schedule of Depreciation and Amortization [Line Items]
Estimated useful lives	3 years
Maximum [Member] | Equipment [Member]
Schedule of Depreciation and Amortization [Line Items]
Estimated useful lives	5 years

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents	$ 116,926	$ 129,305
Cash equivalents, at carrying value	13,795	50,226
Restricted cash	13,083	0
European Business Segment [Member]
Cash and Cash Equivalents [Line Items]
Net liquid assets international subsidiary regulatory capital requirements	42,058	29,156
Two Financial Institutions [Member]
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents	$ 107,956	$ 116,895

Fair Value Measurements (Detail

Fair Value Measurements (Details)	3 Months Ended
	Mar. 31, 2024
Fair Value Measurements [Abstract]
Liquid investments, original maturities	90 days

Fair Value Measurements (Deta_2

Fair Value Measurements (Details) - Schedule of Assets and Liabilities Measured at Fair Value - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Level 1 [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value
Level 3 [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value
Fair Value, Recurring [Member]
Recurring fair value measurements:
Cash equivalents		$ 13,795	50,226
Financial instruments owned, at fair value:
Total		72,096	108,948
Fair Value, Recurring [Member] | Level 1 [Member]
Recurring fair value measurements:
Cash equivalents		13,795	50,226
Financial instruments owned, at fair value:
Total		55,962	92,752
Fair Value, Recurring [Member] | Level 2 [Member]
Recurring fair value measurements:
Cash equivalents
Financial instruments owned, at fair value:
Total		16,134	16,196
Fair Value, Recurring [Member] | Level 3 [Member]
Recurring fair value measurements:
Cash equivalents
Financial instruments owned, at fair value:
Total
Fair Value, Recurring [Member] | U.S. treasuries [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value		5,261	5,007
Fair Value, Recurring [Member] | U.S. treasuries [Member] | Level 1 [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value
Fair Value, Recurring [Member] | U.S. treasuries [Member] | Level 2 [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value		5,261	5,007
Fair Value, Recurring [Member] | U.S. treasuries [Member] | Level 3 [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value
Fair Value, Recurring [Member] | Equity Securities [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value		7,095	6,337
Fair Value, Recurring [Member] | Equity Securities [Member] | Level 1 [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value		7,095	6,337
Fair Value, Recurring [Member] | Equity Securities [Member] | Level 2 [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value
Fair Value, Recurring [Member] | Equity Securities [Member] | Level 3 [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value
Fair Value, Recurring [Member] | Fixed Income Investments [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value		1,939	1,957
Fair Value, Recurring [Member] | Fixed Income Investments [Member] | Level 1 [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value		1,014	1,008
Fair Value, Recurring [Member] | Fixed Income Investments [Member] | Level 2 [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value		925	949
Fair Value, Recurring [Member] | Fixed Income Investments [Member] | Level 3 [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value
Fair Value, Recurring [Member] | ETFs [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value		34,058	35,181
Fair Value, Recurring [Member] | ETFs [Member] | Level 1 [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value		34,058	35,181
Fair Value, Recurring [Member] | ETFs [Member] | Level 2 [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value
Fair Value, Recurring [Member] | ETFs [Member] | Level 3 [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value
Fair Value, Recurring [Member] | Pass-through GSEs [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value		9,948	10,240
Fair Value, Recurring [Member] | Pass-through GSEs [Member] | Level 1 [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value
Fair Value, Recurring [Member] | Pass-through GSEs [Member] | Level 2 [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value		9,948	10,240
Fair Value, Recurring [Member] | Pass-through GSEs [Member] | Level 3 [Member]
Financial instruments owned, at fair value:
Financial instruments owned, at fair value
Fair Value, Nonrecurring [Member]
Non-recurring fair value measurements:
Non-recurring fair value measurements			9,684
Fair Value, Nonrecurring [Member] | Level 1 [Member]
Non-recurring fair value measurements:
Non-recurring fair value measurements
Fair Value, Nonrecurring [Member] | Level 2 [Member]
Non-recurring fair value measurements:
Non-recurring fair value measurements
Fair Value, Nonrecurring [Member] | Level 3 [Member]
Non-recurring fair value measurements:
Non-recurring fair value measurements			9,684
Fnality International Limited—B-One Preference Shares [Member] | Fair Value, Nonrecurring [Member]
Non-recurring fair value measurements:
Non-recurring fair value measurements	[1]		9,684
Fnality International Limited—B-One Preference Shares [Member] | Fair Value, Nonrecurring [Member] | Level 1 [Member]
Non-recurring fair value measurements:
Non-recurring fair value measurements	[1]
Fnality International Limited—B-One Preference Shares [Member] | Fair Value, Nonrecurring [Member] | Level 2 [Member]
Non-recurring fair value measurements:
Non-recurring fair value measurements	[1]
Fnality International Limited—B-One Preference Shares [Member] | Fair Value, Nonrecurring [Member] | Level 3 [Member]
Non-recurring fair value measurements:
Non-recurring fair value measurements	[1]		9,684
Other Investments [Member] | Fair Value, Nonrecurring [Member]
Non-recurring fair value measurements:
Non-recurring fair value measurements	[2]
Other Investments [Member] | Fair Value, Nonrecurring [Member] | Level 1 [Member]
Non-recurring fair value measurements:
Non-recurring fair value measurements	[2]
Other Investments [Member] | Fair Value, Nonrecurring [Member] | Level 2 [Member]
Non-recurring fair value measurements:
Non-recurring fair value measurements	[2]
Other Investments [Member] | Fair Value, Nonrecurring [Member] | Level 3 [Member]
Non-recurring fair value measurements:
Non-recurring fair value measurements	[2]
[1]Fair value determined on October 31, 2023[2]Fair value determined on September 30, 2023

Financial Instruments Owned (De

Financial Instruments Owned (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financial Instruments Owned [Abstract]
Net trading losses	$ 1,904	$ 4,722

Financial Instruments Owned (_2

Financial Instruments Owned (Details) - Schedule of Financial Instruments Owned - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financial instruments owned
Financial instruments owned	$ 58,301	$ 58,722
Trading Securities [Member]
Financial instruments owned
Financial instruments owned	44,006	45,421
Other assets—seed capital (WisdomTree Digital Funds) [Member]
Financial instruments owned
Financial instruments owned	$ 14,295	$ 13,301

Securities Held-to-Maturity (De

Securities Held-to-Maturity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Securities Held-to-Maturity [Abstract]
Proceeds received	$ 6	$ 6

Securities Held-to-Maturity (_2

Securities Held-to-Maturity (Details) - Schedule of Securities Held-to-Maturity - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Federal Agency [Member]
Debt Securities, Available-for-Sale [Line Items]
Debt instruments: Pass-through GSEs (amortized cost)	$ 224	$ 230

Securities Held-to-Maturity (_3

Securities Held-to-Maturity (Details) - Schedule of Unrealized Losses, Gains and Fair Value of Securities Held-to-Maturity - Level 2 [Member] - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale [Line Items]
Cost/amortized cost	$ 224	$ 230
Gross unrealized losses	(19)	(15)
Fair value	$ 205	$ 215

Securities Held-to-Maturity (_4

Securities Held-to-Maturity (Details) - Schedule of Maturity Profile of the Securities Held-to-Maturity - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale [Line Items]
Due within one year
Due one year through five years
Due five years through ten years	21	22
Due over ten years	203	208
Total	$ 224	$ 230

Investments (Details)

Investments (Details) € in Thousands, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) shares	Mar. 31, 2023 USD ($)	Mar. 31, 2024 EUR (€) shares
Investments [Line Items]
Ownership interest percentage	5.40%
Investment of fair value	$ (8,091)		€ 6,000
Recognized gain (loss)	$ 2,063	$ 1,954
Gain on remeasuring convertible notes to fair value		$ 530
Fnality International Limited [Member]
Investments [Line Items]
Ownership interest percentage	4.80%
Ownership interest shares (in Shares) | shares	2,340,378		2,340,378
Recognized gain (loss)	$ 78

Investments (Details) - Schedul

Investments (Details) - Schedule of Investments - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Investments [Line Items]
Carrying value of investment	$ 9,606	$ 9,684
Cost of investment	8,091	8,091
Subtotal—Fnality International Limited [Member]
Schedule of Investments [Line Items]
Carrying value of investment	9,606	9,684
Cost of investment	$ 8,091	$ 8,091

Fixed Assets, Net (Details) - S

Fixed Assets, Net (Details) - Schedule of Fixed Assets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation	$ (562)	$ (670)
Total	436	427
Equipment [Member]
Property, Plant and Equipment [Line Items]
Equipment	$ 998	$ 1,097

Deferred Consideration_Gold P_3

Deferred Consideration—Gold Payments (Details) $ / shares in Units, shares in Thousands, $ in Thousands	May 10, 2023 USD ($) $ / shares shares	Mar. 31, 2024 oz
ETFS Capital [Member]
Deferred Consideration [Line Items]
Deferred consideration (in Ounces) | oz		9,500,000
Contractual gold payments [Member]
Deferred Consideration [Line Items]
Deferred consideration (in Ounces) | oz		6,333,000
SPA Agreement [Member]
Deferred Consideration [Line Items]
Aggregate consideration	$ 136,903
Series C Redeemable Convertible Preferred Stock [Member]
Deferred Consideration [Line Items]
Preferred stock shares issued (in Shares) | shares	13,087
Conversion of stock shares converted (in Shares) | shares	13,087,000
Series C Redeemable Convertible Preferred Stock [Member] | ETFS Capital [Member]
Deferred Consideration [Line Items]
Preferred stock par value (in Dollars per share) | $ / shares	$ 0.01
Series C Redeemable Convertible Preferred Stock [Member] | ETFS Capital [Member] | Gold Bullion Holdings [Member]
Deferred Consideration [Line Items]
Cash	$ 4,371
Series C Redeemable Convertible Preferred Stock [Member] | ETFS Capital [Member] | Rodber Investments Limited [Member]
Deferred Consideration [Line Items]
Cash	$ 45,634

Deferred Consideration_Gold P_4

Deferred Consideration—Gold Payments (Details) - Schedule of Deferred Consideration oz in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) oz	Mar. 31, 2023 USD ($) oz
Schedule of Deferred Consideration [Abstract]
Contractual gold payments		$ 4,486
Contractual gold payments—gold ounces paid (in Ounces) | oz		2,375
Gain on revaluation/termination of deferred consideration—gold payments		$ 20,592

Convertible Notes (Details)

Convertible Notes (Details) $ in Thousands		3 Months Ended
	Aug. 13, 2020 USD ($)	Mar. 31, 2024 USD ($) shares	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($) shares	Jun. 15, 2023 USD ($) shares	Feb. 14, 2023 USD ($)	Jun. 14, 2021 USD ($)	Jun. 16, 2020 USD ($)
Convertible Senior Notes [Line Items]
Loss on extinguishment			$ 9,721
Common stock, shares issued (in Shares) | shares		151,819,000		150,330,000
Principal amount		$ 1,000
Interest expense on the convertible notes		4,128	4,002
Level 2 [Member]
Convertible Senior Notes [Line Items]
Fair value of the convertible notes		$ 308,487		$ 281,897
Convertible Senior Notes due 2028 [Member]
Convertible Senior Notes [Line Items]
Principal amount						$ 130,000
Interest rate						5.75%
Convertible Senior Notes due 2026 [Member]
Convertible Senior Notes [Line Items]
Principal amount							$ 150,000
Interest rate							3.25%
Cash					$ 59,955
Trading days		20
Conversion price of convertible notes		130%
Redemption price equal percentage		100%
Maximum conversion rate (in Shares) | shares		167.7853
Convertible Senior Notes due 2023 [Member]
Convertible Senior Notes [Line Items]
Principal amount	$ 25,000	$ 280,000						$ 150,000
Interest rate	4.25%							4.25%
Principal interest rate	101%
Aggregate principal amount, percentage		25%
Two Thousand and Twenty Notes [Member]
Convertible Senior Notes [Line Items]
Principal amount		$ 115,000
Common stock, shares issued (in Shares) | shares					1,037,288
Convertible Senior Notes [Member]
Convertible Senior Notes [Line Items]
Conversion shares value		$ 1,000
Consecutive trading days		30
Measurement days		5 days
Measurement period for determining share price		10 days
Principal amount of trading price		$ 1,000
Parentage of sale and conversion price		98%
Redemption price equal percentage		100%
Maximum conversion rate (in Shares) | shares		144.9275
Number of shares issuable upon conversion (in Shares) | shares		43,551,214
Convertible Notes [Member]
Convertible Senior Notes [Line Items]
Principal amount		$ 280,000		280,000
Trading days		20
Consecutive trading days		30
Conversion price of convertible notes		130%
Interest expense on the convertible notes		$ (3,462)	$ (4,002)
Accounts Payable and Other Liabilities [Member]
Convertible Senior Notes [Line Items]
Interest payable		$ 2,391		$ 3,041

Convertible Notes (Details) - S

Convertible Notes (Details) - Schedule of Key Terms of Convertible Notes $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) $ / shares
2023 Notes [Member]
Schedule of Key Terms of Convertible Notes [Line Items]
Principal outstanding | $	$ 130,000
Maturity date (unless earlier converted, repurchased or redeemed)	Aug. 15, 2028
Interest rate	5.75%
Conversion price	$ 9.54
Conversion rate	104.8658
Redemption price	$ 12.4
2021 Notes [Member]
Schedule of Key Terms of Convertible Notes [Line Items]
Principal outstanding | $	$ 150,000
Maturity date (unless earlier converted, repurchased or redeemed)	Jun. 15, 2026
Interest rate	3.25%
Conversion price	$ 11.04
Conversion rate	90.5797
Redemption price	$ 14.35

Convertible Notes (Details) -_2

Convertible Notes (Details) - Schedule of Convertible Notes - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
2023 Notes [Member]
Debt Instrument [Line Items]
Principal amount		$ 130,000	$ 130,000
Plus: Premium
Gross proceeds		130,000	130,000
Less: Unamortized issuance costs		(2,827)	(2,987)
Carrying amount		$ 127,173	$ 127,013
Effective interest rate(5F1)	[1]	6.25%	6.25%
2021 Notes [Member]
Debt Instrument [Line Items]
Principal amount		$ 150,000	$ 150,000
Plus: Premium
Gross proceeds		150,000	150,000
Less: Unamortized issuance costs		(1,910)	(2,125)
Carrying amount		$ 148,090	$ 147,875
Effective interest rate(5F1)	[1]	3.83%	3.83%
Convertible Notes [Member]
Debt Instrument [Line Items]
Principal amount		$ 280,000	$ 280,000
Plus: Premium
Gross proceeds		280,000	280,000
Less: Unamortized issuance costs		(4,737)	(5,112)
Carrying amount		$ 275,263	$ 274,888
Effective interest rate(5F1)	[1]	4.96%	4.96%
[1]Includes amortization of the issuance costs and premium.

Series A Preferred Stock (Detai

Series A Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Apr. 10, 2018	Mar. 31, 2024	Dec. 31, 2023
Preferred Stock [Line Items]
Outstanding common stock percentage		9.99%
ETFS Acquisition [Member]
Preferred Stock [Line Items]
Fair value of consideration	$ 132,750
Common stock per share (in Dollars per share)	$ 9
Series A Non-Voting Convertible Preferred Stock [Member] | ETFS Acquisition [Member]
Preferred Stock [Line Items]
Issued shares (in Shares)		14,750,000
Preferred Stock [Member]
Preferred Stock [Line Items]
Preferred shares redemption value		$ 123,108	$ 96,869
Common Stock [Member] | ETFS Acquisition [Member]
Preferred Stock [Line Items]
Convertible into common stock (in Shares)		14,750,000,000

Series A Preferred Stock (Det_2

Series A Preferred Stock (Details) - Schedule of Series A Preferred Stock Balance - Preferred Shares [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Schedule of Series A Preferred Stock Balance [Line Items]
Issuance of Series A Preferred Stock	$ 132,750	$ 132,750
Less: Issuance costs	(181)	(181)
Series A Preferred Stock—carrying value	$ 132,569	$ 132,569
Cash dividends declared per share (quarterly) (in Dollars per share)	$ 0.03	$ 0.03

Payable to Gold Bullion Holdi_3

Payable to Gold Bullion Holdings (Jersey) Limited (“GBH”) (Details) - USD ($)		3 Months Ended
	Nov. 20, 2023	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Payable to Gold Bullion Holdings Jersey Limited GBH [Line Items]
Par value (in Dollars per share)		$ 0.01		$ 0.01
Convertible preferred stock shares (in Shares)	13,087,000
Aggregate cash	$ 84,411,000
Repurchase price per share interest rate transaction (in Dollars per share)	$ 6.02
Present value of market rate interest		7%
Aggregate consideration payable		$ 38,835,000
interest expense recognized		$ 666	$ 0
GBH [Member]
Payable to Gold Bullion Holdings Jersey Limited GBH [Line Items]
Par value (in Dollars per share)	$ 0.01
Transaction paid	$ 40,000,000

Payable to Gold Bullion Holdi_4

Payable to Gold Bullion Holdings (Jersey) Limited (“GBH”) (Details) - Schedule of Aggregate Consideration Payable - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Aggregate Consideration Payable [Abstract]
Current:	$ 14,804	$ 14,804
Long-term	24,994	24,328
Total	$ 39,798	$ 39,132

Leases (Details) - Schedule of

Leases (Details) - Schedule of Additional Information Related to Operating Lease - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Lease cost
Operating lease cost	$ 324	$ 319
Short-term lease cost	93	56
Total lease cost	417	375
Other information
Cash paid for amounts included in the measurement of operating liabilities (operating leases)	332	326
Right-of-use assets obtained in exchange for new operating lease liabilities
Weighted-average remaining lease term (in years)—operating leases	2 months 12 days	1 year
Weighted-average discount rate—operating leases	5.80%	6.50%

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of Future Minimum Lease Payments $ in Thousands	Mar. 31, 2024 USD ($)
Schedule of Future Minimum Lease Payments [Abstract]
Remainder of 2024	$ 251
2029 and thereafter
Total future minimum lease payments (undiscounted)	$ 251

Leases (Details) - Schedule o_3

Leases (Details) - Schedule of Reconciles Future Minimum Lease Payments - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Reconciles Future Minimum Lease Payments [Abstract]
Lease liability—short term	$ 251	$ 578
Difference between undiscounted and discounted cash flows
Total future minimum lease payments (undiscounted)	$ 251

Contingencies (Details)

Contingencies (Details) € in Thousands, $ in Thousands	1 Months Ended		3 Months Ended
	Jul. 31, 2023 USD ($)	Jul. 31, 2023 EUR (€)	Mar. 31, 2024 USD ($)	Mar. 31, 2024 EUR (€)
Contingencies [Line Items]
Claim for total damages			$ 10,039	€ 9,300
Loss contingency accrual	$ 9,067	€ 8,400	16,408	€ 15,200
Amount of deductible			$ 500

Variable Interest Entities (Det

Variable Interest Entities (Details) - Schedule of Variable Interests in Non-Consolidated VIEs - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Carrying Amount—Assets:
Carrying Amount—Assets	$ 9,606	$ 9,684
Fnality Series B-1 Preference Shares (Note 7) [Member]
Carrying Amount—Assets:
Carrying Amount—Assets	9,606	9,684
Maximum Exposure to Loss [Member]
Carrying Amount—Assets:
Carrying Amount—Assets	$ 9,606	$ 9,684

Revenues from Contracts with _3

Revenues from Contracts with Customers (Details) - Schedule of Revenues from Contracts with Customers - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Schedule of Revenues from Contracts with Customers [Line Items]
Total operating revenues	$ 96,838	$ 82,044
Advisory fees [Member]
Schedule of Revenues from Contracts with Customers [Line Items]
Total operating revenues	92,501	77,637
Other [Member]
Schedule of Revenues from Contracts with Customers [Line Items]
Total operating revenues	$ 4,337	$ 4,407

Revenues from Contracts with _4

Revenues from Contracts with Customers (Details) - Schedule of Geographic Distribution of Revenues - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues from contracts with customers:
Total operating revenues	$ 96,838	$ 82,044
United States [Member]
Revenues from contracts with customers:
Total operating revenues	65,830	49,681
Jersey [Member]
Revenues from contracts with customers:
Total operating revenues	26,094	29,053
Ireland [Member]
Revenues from contracts with customers:
Total operating revenues	$ 4,914	$ 3,310

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Related Party Transactions [Line Items]
Net gains (losses) related to certain WisdomTree ETFs	$ 1,945	$ 422
WisdomTree Products [Member]
Related Party Transactions [Line Items]
Investments	53,414		$ 52,566
Affiliated Digital Funds [Member] | WisdomTree Products [Member]
Related Party Transactions [Line Items]
Investments	$ 19,356
Affiliated Blockchain Enabled Funds [Member] | WisdomTree Products [Member]
Related Party Transactions [Line Items]
Investments		$ 18,308

Related Party Transactions (D_2

Related Party Transactions (Details) - Schedule of Accounts Receivable from Related Parties - Related Party [Member] - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Accounts Receivable from Related Parties [Line Items]
Accounts receivable from related parties	$ 31,178	$ 28,511
Receivable from WTT [Member]
Schedule of Accounts Receivable from Related Parties [Line Items]
Accounts receivable from related parties	23,535	21,226
Receivable from ManJer Issuers [Member]
Schedule of Accounts Receivable from Related Parties [Line Items]
Accounts receivable from related parties	4,621	4,411
Receivable from WMAI and WTICAV [Member]
Schedule of Accounts Receivable from Related Parties [Line Items]
Accounts receivable from related parties	$ 3,022	$ 2,874

Related Party Transactions (D_3

Related Party Transactions (Details) - Schedule of Revenues from Advisory Services Provided to Related Parties - Related Party [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Schedule of Revenues from Advisory Services Provided to Related Parties [Line Items]
Revenues from advisory services	$ 92,501	$ 77,637
Advisory services provided to WTT [Member]
Schedule of Revenues from Advisory Services Provided to Related Parties [Line Items]
Revenues from advisory services	64,902	49,487
Advisory services provided to ManJer Issuers [Member]
Schedule of Revenues from Advisory Services Provided to Related Parties [Line Items]
Revenues from advisory services	22,685	24,840
Advisory services provided to WMAI and WTICAV [Member]
Schedule of Revenues from Advisory Services Provided to Related Parties [Line Items]
Revenues from advisory services	$ 4,914	$ 3,310

Stock-Based Awards (Details)

Stock-Based Awards (Details) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended	12 Months Ended
	Jul. 15, 2022	Jan. 31, 2024	Mar. 31, 2024	Dec. 31, 2023
Share-Based Award [Line Items]
Common stock, shares issued (in Shares)	16,000,000
Stock-based awards, description			The number of PRSUs vesting ranges from 0% to 200% of the target number of PRSUs granted, as follows:●      If the relative TSR is below the 25th percentile, then 0% of the target number of PRSUs granted will vest;●      If the relative TSR is at the 25th percentile, then 50% of the target number of PRSUs granted will vest;●      If the relative TSR is above the 25th percentile, then linear scaling is applied such that the percent of the target number of PRSUs vesting is 100% at the 50th percentile and capped at 200% of the target number of PRSUs granted for performance at the 85th percentile; and●      If the Company’s TSR is negative, the target number of PRSUs vesting is capped at 100% regardless of the relative TSR percentile.
Stock-based compensation expense (in Dollars)			$ 5,163	$ 4,536
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum			27.57%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum			37.91%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate			33.53%
Risk free interest rate			4.08%
Expected dividend			0%
Restricted Stock Units (RSUs) [Member]
Share-Based Award [Line Items]
Deferred RSUs that have vested (in Shares)			58,012
Performance Based Restricted Stock Unit [Member]
Share-Based Award [Line Items]
Shares granted and outstanding, vesting percentage			200%
Minimum [Member]
Share-Based Award [Line Items]
Vesting period			1 year
Minimum [Member] | Performance Based Restricted Stock Unit [Member]
Share-Based Award [Line Items]
Shares granted and outstanding, vesting percentage			0%
Maximum [Member]
Share-Based Award [Line Items]
Vesting period			3 years
Maximum [Member] | Performance Based Restricted Stock Unit [Member]
Share-Based Award [Line Items]
Shares granted and outstanding, vesting percentage		200%
Stock Options [Member]
Share-Based Award [Line Items]
Stock option issuance period			10 years

Stock-Based Awards (Details) -

Stock-Based Awards (Details) - Schedule of Unrecognized Stock-Based Compensation Expense and Average Remaining Vesting Period - Employees And Directors [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Unrecognized Stock-Based Compensation	$ 33,171
Weighted-Average Remaining Vesting Period (Years)	1 year 6 months 7 days

Stock-Based Awards (Details) _2

Stock-Based Awards (Details) - Schedule of Stock Based Compensation Award Activity	3 Months Ended
	Mar. 31, 2024 shares
RSA [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Beginning Balance	5,010,222
Granted	2,094,408
Vested	(2,123,830)
Forfeited	(54,794)
Ending Balance	4,926,006
RSU [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Beginning Balance	190,144
Granted	76,678
Vested	(37,422)
Forfeited	(1,949)
Ending Balance	227,451	[1]
PRSU [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Beginning Balance	1,174,092
Granted	727,238	[2]
Vested	(507,488)	[3]
Forfeited
Ending Balance	1,393,842
[1]Includes 58,012 deferred RSUs that have vested.[2]Represents the target number of PRSUs granted and outstanding. The number of PRSUs that ultimately vest ranges from 0% to 200% of this amount. A Monte-Carlo simulation was used to value these awards using the following assumptions for the Company and the peer group: (i) beginning 90-day average stock prices; (ii) valuation date stock prices; (iii) historical stock price volatilities ranging from 27.57% to 37.91% (average 33.53%); (iv) correlation coefficients based upon the price data used to calculate the historical volatilities; (v) a risk free interest rate of 4.08%; and (vi) an expected dividend yield of 0.00%.[3]The payout on PRSUs vesting in January 2024 was 200%.

Stockholder Rights Plan (Detail

Stockholder Rights Plan (Details) - $ / shares shares in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 18, 2024	Dec. 31, 2023	Mar. 17, 2023
Stockholder Rights Plan [Line Items]
Right for outstanding shares (in Shares)				1
Common stock, par or stated value per share (in Dollars per share)	$ 0.01		$ 0.01
Preferred stock, par or stated value per share (in Dollars per share)	$ 0.01		$ 0.01
Percentage of assets sold	50%
Percentage of common stock	10%
Minimum [Member]
Stockholder Rights Plan [Line Items]
Exercise price (in Dollars per share)		$ 32
Maximum [Member]
Stockholder Rights Plan [Line Items]
Exercise price (in Dollars per share)		$ 45
Stockholder Right Agreement [Member]
Stockholder Rights Plan [Line Items]
Exercise price per unit (in Dollars per share)				$ 45
Stockholder Right Agreement [Member] | Minimum [Member]
Stockholder Rights Plan [Line Items]
Percentage of beneficial ownership	10%
Stockholder Right Agreement [Member] | Minimum [Member] | Acquiring Person [Member]
Stockholder Rights Plan [Line Items]
Ownership percentage	10%
Stockholder Right Agreement [Member] | Minimum [Member] | Passive stockholders [Member]
Stockholder Rights Plan [Line Items]
Ownership percentage	10%
Stockholder Right Agreement [Member] | Maximum [Member]
Stockholder Rights Plan [Line Items]
Percentage of beneficial ownership	20%
Stockholder Right Agreement [Member] | Maximum [Member] | Acquiring Person [Member]
Stockholder Rights Plan [Line Items]
Ownership percentage	20%
Stockholder Right Agreement [Member] | Maximum [Member] | Passive stockholders [Member]
Stockholder Rights Plan [Line Items]
Ownership percentage	20%
Stockholder Right Agreement [Member] | Common Stock [Member]
Stockholder Rights Plan [Line Items]
Common stock, par or stated value per share (in Dollars per share)	$ 0.01			$ 0.01
Board of Directors Chairman [Member]
Stockholder Rights Plan [Line Items]
Right for outstanding shares (in Shares)				1,000
Series A Non Voting Convertible Preferred Stock [Member]
Stockholder Rights Plan [Line Items]
Right for outstanding shares (in Shares)				1,000
Series A Non Voting Convertible Preferred Stock [Member] | Stockholder Right Agreement [Member]
Stockholder Rights Plan [Line Items]
Preferred stock, par or stated value per share (in Dollars per share)				$ 0.01

Earnings Per Share (Details)

Earnings Per Share (Details)	3 Months Ended
	Mar. 31, 2023 shares
Earnings Per Share [Abstract]
Antidilutive non-participating common stock equivalents	695

Earnings Per Share (Details) -

Earnings Per Share (Details) - Schedule of Reconciliation of Basic and Diluted Earnings Per Share - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Schedule of Reconciliation of Basic and Diluted Earnings Per Share [Line Items]
Net income	$ 22,111	$ 16,233
Less: Income distributed to participating securities	(462)	(498)
Less: Undistributed income allocable to participating securities	(1,657)	(1,206)
Net income available to common stockholders—Basic EPS	19,992	14,529
Add back: Undistributed income allocable to participating securities	1,657	1,206
Less: Reallocation of undistributed income allocable to participating securities considered potentially dilutive	$ (1,622)	$ (1,202)
Weighted average common shares (in Shares)	146,464,000	143,862,000
Basic earnings per share (in Dollars per share)	$ 0.14	$ 0.1
Net income available to common stockholders—Diluted EPS	$ 20,027	$ 14,533
Weighted average common shares (in Shares)	146,464,000	143,862,000
Dilutive effect of common stock equivalents, excluding participating securities (in Shares)	3,525,000	569,000
Weighted average diluted shares, excluding participating securities (in thousands) (in Shares)	149,989,000	144,431,000
Diluted earnings per share (in Dollars per share)	$ 0.13	$ 0.1

Earnings Per Share (Details) _2

Earnings Per Share (Details) - Schedule of Weighted Average Number of Shares - shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Schedule of Weighted Average Number of Shares [Line Items]
Weighted average diluted shares as disclosed on the Consolidated Statements of Operations	165,268,000	159,887,000
Less: Participating securities:
Weighted average shares of common stock issuable upon conversion of the Preferred Shares	(14,750,000)	(14,750,000)
Potentially dilutive restricted stock awards	(529,000)	(706,000)
Weighted average diluted shares used to calculate diluted earnings/(loss) per share as disclosed in the table above	149,989,000	144,431,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Income Taxes [Line Items]
Effective income tax rate	20.50%	7.90%
Income tax expense	$ 5,701	$ 1,383
Federal statutory tax rate	21%
Deferred tax asset valuation allowance on losses		$ 1,353
Capital losses	$ 22,349		$ 22,489
Tax of carried forward	1,422
Deferred tax liabilities and earnings of foreign subsidaries	$ 183		$ 186
ManJers [Member]
Income Taxes [Line Items]
Federal statutory tax rate		21%

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of Components of the Company’s Deferred Tax Assets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Deferred tax assets:
Capital losses	$ 22,349	$ 22,489
Accrued expenses	1,468	6,000
NOLs—Foreign	1,422	1,502
Stock-based compensation	884	2,468
Goodwill and intangible assets	848	895
Interest carryforwards	676
Foreign currency translation adjustment	241	146
Operating lease liabilities	38	96
NOLs—U.S.		127
Unrealized losses		335
Other	434	401
Total deferred tax assets	28,360	34,459
Deferred tax liabilities:
Unrealized gains	158
Fixed assets and prepaid assets	155	296
Unremitted earnings—European subsidiaries	183	186
Right of use assets—operating leases	38	96
Total deferred tax liabilities:	534	578
Total deferred tax assets less deferred tax liabilities	27,826	33,881
Less: Valuation allowance	(22,349)	(22,824)
Deferred tax assets, net	$ 5,477	$ 11,057

Shares Repurchased (Details)

Shares Repurchased (Details) - USD ($)		1 Months Ended	3 Months Ended
	Feb. 22, 2022	Feb. 22, 2022	Mar. 31, 2024	Mar. 31, 2023
Shares Repurchased [Line Items]
Stock repurchase program year in force		3 years
Stock repurchase program period in force date	Apr. 27, 2025
Repurchase shares value			$ 7,820,000	$ 3,384,000
Remained future purchases			$ 88,585,000
Minimum [Member]
Shares Repurchased [Line Items]
Common stock purchase authorized amount	$ 85,709,000	$ 85,709,000
Maximum [Member]
Shares Repurchased [Line Items]
Common stock purchase authorized amount	$ 100,000,000	$ 100,000,000
Common Stock [Member]
Shares Repurchased [Line Items]
Repurchase shares (in Shares)				604,505
Common Stock [Member] | Board of Directors [Member]
Shares Repurchased [Line Items]
Repurchase shares (in Shares)			1,096,278

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Apr. 11, 2018
Goodwill and Intangible Assets [Line Items]
Goodwill	$ 86,841	$ 86,841
Finite-lived useful life	5 years
Amortization expense	$ (1,011)	$ (684)	$ 51
Software Development [Member]
Goodwill and Intangible Assets [Line Items]
Finite-lived useful life		3 years
Amortization expense	$ 327
Finite-lived intangible assets remaining useful life	2 years 6 months
Securrency [Member]
Goodwill and Intangible Assets [Line Items]
Goodwill	$ 86,841
Goodwill not deductible for tax purposes	$ 85,042
ETFS Acquisition [Member]
Goodwill and Intangible Assets [Line Items]
Acquisition completion date	Apr. 11, 2018
Intangible assets, net				$ 601,247

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Details) - Schedule of Goodwill $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Schedule of Goodwill [Abstract]
Beginning balance	$ 86,841
Changes
Ending balance	$ 86,841

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Details) - Schedule of Intangible Assets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Schedule of Intangible Assets [Line Items]
Gross Asset	$ 606,358	$ 605,766
Accumulated Amortization	(1,011)	(684)	$ 51
Net Asset	605,347	605,082
ETFS Acquisition [Member]
Schedule of Intangible Assets [Line Items]
Gross Asset	601,247	601,247
Accumulated Amortization
Net Asset	601,247	601,247
Software development [Member]
Schedule of Intangible Assets [Line Items]
Gross Asset	5,111	4,519
Accumulated Amortization	(1,011)	(684)
Net Asset	$ 4,100	$ 3,835

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets (Details) - Schedule of Expected Amortization Expense $ in Thousands	Mar. 31, 2024 USD ($)
Schedule of Expected Amortization Expense [Abstract]
Remainder of 2024	$ 1,276
2025	1,655
2026	1,073
2027	96
2028 and thereafter
Total expected amortization expense	$ 4,100

Contingent Payments (Details)

Contingent Payments (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Sale of Canadian ETF Business [Member]
Contingent Payments [Line Items]
Gain on contingent payment	$ 1,477

Impairments (Details)

Impairments (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Impairments [Abstract]
Recognized an impairment	$ 4,900

Segment Information (Details) -

Segment Information (Details) - Schedule of Operating Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Schedule of Operating Income [Abstract]
Operating revenues	$ 96,838	$ 82,044
Operating income	27,950	16,571
Add back: Expenses incurred in response to an activist campaign	695	967
Adjusted operating income	$ 28,645	$ 17,538
Operating income margin	28.90%	20.20%
Adjusted operating income margin	29.60%	21.40%