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Fair Value Measurements (Tables)

12 Months Ended

Dec. 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 years ended December 31, 2023 and 2022, there were no transfers between Levels 2 and 3.

		December 31, 2024
		Total				Level 1				Level 2				Level 3
Assets:
Recurring fair value measurements:
Cash equivalents		$	48,336			$	48,336			$	—			$	—
Financial instruments owned, at fair value:
ETFs			62,907				62,907				—				—
Pass-through GSEs			6,898				—				6,898				—
Other assets—seed capital (WisdomTree Digital Funds):
U.S. treasuries			5,251				—				5,251				—
Equities			8,478				8,478				—				—
Fixed income			1,905				1,019				886				—
Other investments			687				—				—				687
Total		$	134,462			$	120,740			$	13,035			$	687
Non-recurring fair value measurements:
Fnality International Limited—Series B-1 Preference Shares(1)		$	8,288			$	—			$	—			$	8,288

⁽¹⁾ Fair value determined on June 17, 2024. Not included above are prospective changes in value due to fluctuations in the British pound to U.S. dollar exchange rate.

		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(1)			9,684				—				—				9,684
Other investments(2)			—				—				—				—
Total		$	9,684			$	—			$	—			$	9,684

⁽¹⁾ Fair value determined on October 31, 2023

⁽²⁾ Fair value determined on September 30, 2023

Schedule of Instruments

These instruments consist of the following:

		Years Ended
		December 31, 2024				December 31, 2023
Other Investments:
Beginning balance		$	—			$	—
Purchases			674				—
Net unrealized gains(1)			13				—
Ending balance		$	687			$	—
Investments in Convertible Notes:
Beginning balance		$	—			$	21,421
Purchases			—				11,228
Settlements			—				(28,818	)
Conversions(2)			—				(9,684	)
Net realized gains(3)			—				5,853
Ending balance		$	—			$	—
Deferred Consideration (Note 9):
Beginning balance		$	—			$	200,290
Net realized losses(4)			—				6,069
Net unrealized gains(5)			—				(61,953	)
Settlements			—				(144,406	)
Ending balance		$	—			$	—

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

⁽²⁾ The Fnality convertible notes converted into Series B-1 Preference Shares on October 31, 2023 (Note 7).

⁽³⁾ Recorded in impairments and other gains/(losses), net in the Consolidated Statements of Operations.

⁽⁴⁾ Recorded as contractual gold payments expense in the Consolidated Statements of Operations.

⁽⁵⁾ Recorded as gain on revaluation/termination of deferred consideration—gold payments in the Consolidated Statements of Operations.

X

- Definition

Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
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-Section 50
-Paragraph 3
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

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X

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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