On March 25, 2024, ETFS Capital Limited announced that On March 21, 2024, it has issued a press release and open to the stockholders of WisdomTree, Inc to address the Board?s recent response to ETFS Capital? engagement with the Company aimed at maximizing shareholder value. In the Stockholder Letter, the ETFS Capital expressed its disappointment with the Board?s dismissive stance towards ETFS Capital?

request that the Company evaluate all options to maximize stockholder value and ETFS Capital? previous attempts to engage with the Company to address the issues regarding value destruction, cost structure and capital allocation, among others. ETFS Capital highlighted its concerns with the Company?s long-term strategy in the Stockholder Letter, particularly the shift from an ETF-focused business model to a DeFi business.

ETFS Capital criticized these efforts, especially the launch of the Company Prime and the Company?s Bitcoin ETF, for failing to attract meaningful market interest and contributing to the neglect of the core ETF business. The Stockholder Letter detailed ETFS Capital? ongoing efforts to engage in a private, productive dialogue with the Board, including proposing the formation of a special committee of independent directors to evaluate strategic alternatives, including the potential sale of the business and/or leadership changes.

In addition, ETFS Capital expressed that its engagement with the Company over the past 3 years has been insufficient to break the status quo, ETFS Capital plans to withhold votes from members of the Board at the Company?s upcoming annual meeting of stockholders.