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<h2 id="header-0">The Securities and Exchange Commission (SEC) of the United States has approved nine more blockchain-enabled funds from the $82 billion asset manager WisdomTree.</h2>Although none of these funds track crypto assets directly, the firm does use the Ethereum and <a href="https://www.coingabbar.com/en/crypto-research-papers/stellar" rel="noopener noreferrer nofollow">Stellar blockchains</a> to retain a secondary record of share ownership, making them blockchain-enabled or &#34;digital funds,&#34; as WidsomTree describes them.On December 14, the firm announced the SEC&#39;s approval, stating that the nine digital funds offer exposure to a variety of asset classes, including equities, commodities, and floating-rate treasuries. The funds will be available through the WisdomTree Prime mobile app in the first quarter of 2023.&#34;We believe that blockchain-enabled finance has the potential to improve the investor experience through increased liquidity, transparency, and uniformity, which we hope to achieve over time,&#34; said Will Peck, Head of Digital Assets at WisdomTree.The current SEC clearance comes three months after the firm&#39;s first digital fund, the WisdomTree Short-Term Treasury Digital Fund (WTSYX), was approved in September.Peck stated in a blog post on September 26 that WisdomTree is trying to improve the investor experience through digital funds and blockchain technology, particularly in terms of trading and transaction settlements.&#34;To give a few examples it&#39;s surprising that some blockchains can provide near-instant settlement finality on a peer-to-peer basis on a 24/7/365 basis. Blockchains can enable atomic settlement rather than alternative potentially riskier settlement techniques, such as delivery vs. payment (DvP),&#34; he added.As of December 14, WisdomTree claimed to manage around $82 billion in assets across its listed funds in the United States and Europe.Since early 2021, the firm, like Grayscale Investments, has been trying to develop an exchange-traded fund (<a href="https://www.coingabbar.com/en/crypto-blogs-details/crypto-etfs-as-a-low-cost-lowrisk-method-to-invest-in-cryptocurrencies" rel="noopener noreferrer nofollow">ETF</a>) offering exposure to the spot price of Bitcoin (BTC).However, the SEC has repeatedly rejected WidsomTree&#39;s applications, citing general worries about fraud and market manipulation on BTC trading venues.To date, the SEC has yet to approve a spot Bitcoin ETF.However, the firm offers a variety of products that track the altcoin market, and earlier this year in March, the firm released three crypto exchange-traded products (ETPs) backed by Solana (SOL), Cardano (ADA), and Polkadot (DOT).Read also: <a href="https://www.coingabbar.com/en/crypto-currency-news/bitcoin-price-analysis-cmp-dollar-bears-hammering-bulls-top" rel="noopener noreferrer nofollow">BITCOIN PRICE ANALYSIS CMP-$17,720: The Bears are hammering the Bulls from the top</a>

SEC Approved Nine More WisdomTree Blockchain-Enabled Funds

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