ETFS Capital Amends WisdomTree Stake Filing

TL;DR

ETFS Capital just updated their WisdomTree stake filing - watch this space.

AI Summary

ETFS Capital Limited filed an amendment (Amendment No. 9) to its Schedule 13D on March 25, 2024, regarding its holdings in WisdomTree, Inc. The filing indicates a change in the beneficial ownership of WisdomTree, Inc. by ETFS Capital Limited. Specific details on the exact percentage change or new ownership stake are not immediately available in this excerpt.

Why It Matters

This filing signals a potential shift in major shareholder activity for WisdomTree, Inc., which could influence the company's stock performance and strategic direction.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate significant shifts in investor sentiment or strategy, potentially impacting stock price.

Key Players & Entities

• ETFS Capital Limited (company) — Filing entity
• WisdomTree, Inc. (company) — Subject company
• 20240325 (date) — Filing date

FAQ

Key Financial Figures

• $0.01 — Inc. (Name of Issuer) Common Stock , $0.01 par value per share (Title of Class o

Filing Documents

• sc13da913246002_03252024.htm (SC 13D/A) — 67KB
• ex991to13da913246002_032524.pdf (SC 13D/A) — 95KB
• 0000921895-24-000708.txt ( ) — 199KB

Purpose of Transaction

Item 4. Purpose of Transaction .

is hereby amended

Item 4 is hereby amended to add the following: On March 21, 2024, the Reporting Persons issued a press release and open letter (the “Stockholder Letter”) to the stockholders of the Issuer to address the Board’s recent response to the Reporting Persons’ engagement with the Issuer aimed at maximizing shareholder value. In the Stockholder Letter, the Reporting Persons expressed their disappointment with the Board’s dismissive stance towards the Reporting Persons’ request that the Issuer evaluate all options to maximize stockholder value and the Reporting Persons’ previous attempts to engage with the Issuer to address the issues regarding value destruction, cost structure and capital allocation, among others. The Reporting Persons highlighted their concerns with the Issuer’s long-term strategy in the Stockholder Letter, particularly the shift from an ETF-focused business model to a DeFi business. The Reporting Persons criticized these efforts, especially the launch of WisdomTree Prime and the Issuer’s Bitcoin ETF, for failing to attract meaningful market interest and contributing to the neglect of the core ETF business. The Stockholder Letter detailed the Reporting Persons’ ongoing efforts to engage in a private, productive dialogue with the Board, including proposing the formation of a special committee of independent directors to evaluate strategic alternatives, including the potential sale of the business and/or leadership changes. However, as stated in the Stockholder Letter, the Reporting Persons find that the Board’s public response to these proposals was markedly hostile. Since the change to the Board following the Reporting Persons’ engagement with the issuer over the past three years has been insufficient to break the status quo, the Reporting Persons plan to withhold their votes from members of the Board at the Issuer’s upcoming annual meeting of stockholders. The full text of th

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits .

is hereby amended

Item 7 is hereby amended to add the following exhibit: 99.1 The Stockholder Letter, dated March 21, 2024. 4 CUSIP No. 97717P104

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: March 25, 2024 ETFS Capital Limited By: /s/ Graham Tuckwell Name: Graham Tuckwell Title: Chairman /s/ Graham Tuckwell Graham Tuckwell 5

View Full Filing

View this SC 13D/A filing on SEC EDGAR