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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets [Abstract]  
Schedule of Goodwill The table below sets forth goodwill which is tested annually for impairment on November 30th:
 

Total

Balance at January 1, 2023

 

$

85,856  

Changes

 

 

985(1)

Balance at December 31, 2023

 

$

86,841  

(1)     On April 11, 2023, the Company acquired 100% of the capital stock of Securrency Transfers, Inc. (renamed WisdomTree Transfers, Inc.) for an aggregate purchase price of $985 (net of cash acquired). The acquisition has been accounted for under the acquisition method of accounting in accordance with ASC Topic 805, Business Combinations, and resulted in all consideration being allocated to goodwill.

Schedule of Intangible Assets The table below sets forth the Company’s intangible assets which are tested annually for impairment on November 30th:
 

Balance at December 31, 2023

Item

 

Gross Asset

 

Accumulated
Amortization

 

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

 

Balance at December 31, 2022

Item

 

Gross Asset

 

Accumulated
Amortization

 

Net Asset

ETFS acquisition

 

$

601,247

 

$

 

$

601,247

Software development

 

 

2,370

 

 

(50)

 

 

2,320

Balance at December 31, 2022

 

$

603,617

 

$

(50)

 

$

603,567

Schedule of Expected Amortization Expense As of December 31, 2023, expected amortization expense for the unamortized finite-lived intangible assets for the next five years and thereafter is as follows:

2024

 

$

1,375

2025

 

 

1,440

2026

 

 

873

2027

 

 

130

2028

 

 

17

2029 and thereafter

 

 

Total expected amortization expense

 

$

3,835