ETFS Capital Calls for Leadership Change at WisdomTree, Board Responds

ETFS Capital Calls for Leadership Changes at WisdomTree

ETFS Capital has urged shareholders to vote against the re-election of certain directors at WisdomTree, citing the need for significant changes to enhance shareholder value.

Concerns Raised by ETFS Capital

• ETFS Capital expressed concerns about the current board and management of WisdomTree.
• They believe that strategic changes are necessary to address the company’s persistent undervaluation.
• The group criticized the board for not exploring potential strategic options to boost shareholder returns.

Focus on Shareholder Value

ETFS Capital highlighted the discrepancy between WisdomTree’s market value and the perceived value of its core ETF business, emphasizing the need for better management decisions.

Critique of DeFi Ventures

The group criticized WisdomTree’s focus on DeFi ventures, arguing that these initiatives have not yielded significant financial returns and have diverted resources from the core business.

Call for Board Changes

ETFS Capital urged shareholders to vote against the re-election of specific directors, including the Chairman, Director, and CEO of WisdomTree.

WisdomTree’s Response

WisdomTree’s board defended their strategic direction and highlighted the progress made under the existing leadership.

Board’s Defense

• The board emphasized the company’s strong track record and governance improvements.
• They pointed to a record $107.2 billion in assets under management as of March 2024.
• WisdomTree’s initiatives, including WisdomTree Prime, are aimed at enhancing shareholder value in the long term.

Call for Shareholder Support

The board urged shareholders to support their director nominees to ensure continued growth and success.