SEC Grants WisdomTree Exemption for Intraday Trading of Digital Fund

The U.S. Securities and Exchange Commission granted WisdomTree special permission on February 23, 2026, to enable intraday trading of its tokenized Treasury Money Market Digital Fund shares at a constant $1 price.

This regulatory action creates an exception to standard mutual fund rules, which typically require transactions at the next-calculated net asset value at the end of each trading day.

The SEC’s Division of Investment Management issued the order, providing relief from Section 22(d) and Rule 22c-1 of the Investment Company Act of 1940 for this specific digital fund.

According to the order, WisdomTree’s affiliated dealer is also permitted to transact with the fund under terms consistent with the Investment Company Act, as relief was granted under Rule 17d-1.

What the numbers show

• The exemptive order was issued on February 23, 2026
• The fund’s shares are traded at a fixed price of $1 intraday
• The fund invests in short-term U.S. Treasury securities

The WisdomTree Treasury Money Market Digital Fund issues its shares as tokens on a blockchain, representing ownership in a portfolio of short-term U.S. Treasuries.

Normally, mutual fund investors must buy or sell shares at the fund’s end-of-day net asset value, but the SEC’s order allows this digital fund to operate with a fixed intraday price for its tokenized shares.

The regulatory relief applies specifically to the digital format of the fund, distinguishing it from traditional mutual funds that do not use blockchain technology for share issuance.

This action by the SEC marks a procedural step for digital asset funds seeking to align with existing investment company regulations while offering new trading mechanisms.

* This article is based on publicly available information at the time of writing.