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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

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 and nine months ended September 30, 2023 and 2022, there were no transfers between Levels 2 and 3.

		September 30, 2023
		Total				Level 1				Level 2				Level 3
Assets:
Recurring fair value measurements:
Cash equivalents		$	329			$	329			$	—			$	—
Financial instruments owned, at fair value:
ETFs			42,382				42,382				—				—
Pass-through GSEs			24,419				—				24,419				—
Other assets—seed capital (WisdomTree Digital Funds):
U.S. treasuries			4,851				4,851				—				—
Equities			5,405				5,405				—				—
Fixed income			1,893				—				1,893				—
Investments in Convertible Notes (Note 7):
Securrency, Inc.—convertible note			16,190				—				—				16,190
Securrency, Inc.—secured convertible note			12,925				—				—				12,925
Fnality International Limited—convertible note			7,453				—				—				7,453
Total		$	115,847			$	52,967			$	26,312			$	36,568
Non-recurring fair value measurements:
Securrency, Inc.—Series A convertible preferred stock⁽¹⁾		$	—			$	—			$	—			$	—
Securrency, Inc.—Series B convertible preferred stock⁽¹⁾			305				—				—				305
Other investments⁽¹⁾			—				—				—				—
Total		$	305			$	—			$	—			$	305

⁽¹⁾ Fair value determined on September 30, 2023.

		December 31, 2022
		Total				Level 1				Level 2				Level 3
Assets:
Recurring fair value measurements:
Cash equivalents		$	930			$	930			$	—			$	—
Financial instruments owned, at fair value
ETFs			23,772				23,772				—				—
U.S. treasuries			2,980				2,980				—				—
Pass-through GSEs			96,837				23,290				73,547				—
Corporate bonds			885				—				885				—
Other assets—seed capital (WisdomTree Digital Funds)			1,765				—				1,765				—
Investments in Convertible Notes (Note 7)
Securrency, Inc.—convertible note			14,500				—				—				14,500
Fnality International Limited—convertible note			6,921				—				—				6,921
Total		$	148,590			$	50,972			$	76,197			$	21,421
Non-recurring fair value measurements:
Other investments⁽¹⁾		$	312			$	—			$	—			$	312
Liabilities:
Recurring fair value measurements:
Deferred consideration—gold payments (Note 9)		$	200,290			$	—			$	—			$	200,290

⁽¹⁾ Fair value determined on May 10, 2022.

Schedule of Beginning and Ending Balances of Recurring Fair Value Measurements Classified

The following table presents a reconciliation of beginning and ending balances of recurring fair value measurements classified as Level 3:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2023				2022				2023				2022
Investments in Convertible Notes (Note 7)
Beginning balance		$	30,602			$	11,712			$	21,421			$	—
Purchases			—				—				10,000				11,863
Net unrealized gains⁽¹⁾			5,966				327				5,147				176
Ending balance		$	36,568			$	12,039			$	36,568			$	12,039

Deferred Consideration (Note 9)
Beginning balance		$	—			$	242,767			$	200,290			$	228,062
Net realized losses⁽²⁾			—				4,105				6,069				13,001
Net unrealized gains⁽³⁾			—				(77,895	)			(61,953	)			(63,188	)
Settlements			—				(4,220	)			(144,406	)			(13,118	)
Ending balance		$	—			$	164,757			$	—			$	164,757

⁽¹⁾ Recorded in impairments and other losses, net in the Consolidated Statements of Operations.

⁽²⁾ Recorded as contractual gold payments expense in the Consolidated Statements of Operations.

⁽³⁾ Recorded as gain on revaluation/termination of deferred consideration—gold payments in the Consolidated Statements of Operations.