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Related Party Transactions
 6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
Related Party Transactions

14. 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:

  

June 30,

2025

  December 31,
2024
Receivable from WTT  $24,177   $24,672 
Receivable from ManJer Issuers   6,379    5,155 
Receivable from WMAI and WTICAV   6,854    5,132 
Total  $37,410   $34,959 

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

June 30,

 

Six Months Ended

June 30,

   2025  2024  2025  2024
Advisory services provided to WTT  $69,242   $69,375   $138,097   $134,277 
Advisory services provided to ManJer Issuers   26,158    24,044    50,832    46,729 
Advisory services provided to WMAI and WTICAV   7,841    5,519    13,861    10,433 
Total  $103,241   $98,938   $202,790   $191,439 

Investments in WisdomTree Products

The Company also has investments in certain WisdomTree products of $107,212 and $89,822, respectively, at June 30, 2025 and December 31, 2024. This includes $5,251 and $5,232, respectively, of seed investments in the WisdomTree Government Money Market Digital Fund, as well as $16,608 and $15,616, respectively, of seed investments in certain consolidated affiliated Digital Funds advised by WT Digital Management (referred to herein as “other assets–seed capital”) at June 30, 2025 and December 31, 2024. The Company has also invested an additional $11,075 and $6,050, respectively, in the WisdomTree Government Money Market Digital Fund at June 30, 2025 and December 31, 2024.

Net unrealized and realized gains/(losses) related to trading WisdomTree products were $1,290 and $785, respectively, during the three and six months ended June 30, 2025 and ($161) and $1,784, respectively, during the comparable periods in 2024. Such gains and losses are recorded in other gains and losses, net on the Consolidated Statements of Operations.