v3.26.1
Related Party Transactions
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Related Party Transactions

16. Related Party Transactions

Advisory Services

The Company’s advisory fee 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 are 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 some of its 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.

Ceres Services to the Ceres Funds

Ceres provides investment advisory and other management services to the Ceres Funds. In exchange for these services the Company earns management fees and performance fees as further disclosed in Note 15.

Accounts Receivable from Related Parties

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,
2026

   December 31,
2025		  
Receivable from WTT   $ 29,159     $ 26,410    
Receivable from ManJer Issuers     7,729       7,905    
Receivable from WMAI and WTICAV     11,146       9,104    
Receivable from Ceres Funds     11,324       12,013    
Receivable from AHICAV    

1,793

       —    
Total   $

61,151

     $ 55,432    

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.

Revenues Earned from Related Parties

The following table summarizes revenues from services provided to related parties:

   

Three Months Ended

June 30,

  

Six Months Ended

June 30,
    2026   2025   2026   2025
Advisory services provided to WTT   $ 83,041     $ 69,242     $ 161,481     $ 138,097  
Advisory services provided to ManJer Issuers     43,036       26,158       85,535       50,832  
Advisory services provided to WMAI and WTICAV     16,439       7,841       30,380       13,861  
Management and performance fees earned from Ceres Funds     11,333       —       19,519       —  
Advisory services provided to AHICAV     3,784       —       3,784       —  
Total   $ 157,633     $ 103,241     $ 300,699     $ 202,790  

Investments in WisdomTree Products

The Company has investments in certain WisdomTree products of $151,988 and $244,722 at June 30, 2026 and December 31, 2025, respectively. This includes $19,047 and $19,327, respectively, of seed investments in certain consolidated affiliated Digital Funds advised by WT Digital Management, referred to herein as “other assets–seed capital,” as well as $120,117 and $145,242, respectively, in the WisdomTree Treasury Money Market Digital Fund at June 30, 2026 and December 31, 2025.

Net unrealized and realized gains/(losses) related to trading WisdomTree products were $582 and ($150), respectively, during the three and six months ended June 30, 2026 and $1,290 and $785, respectively, during the comparable periods in 2025. Such gains and losses are recorded in other gains, net on the Consolidated Statements of Operations.

Employee Investments in Ceres Funds

Employees of the Company have invested in the Ceres Funds, for which management and performance fees are waived. Such waived fees were immaterial to the Company’s Consolidated Statements of Operations.