Coin World News reports that cryptocurrency ETF issuer WisdomTree has announced the completion of its acquisition of alternative asset management firm Ceres Partners. This transaction will expand its business into exchange-traded products (ETP), custody, and the tokenized market. The acquisition amount includes $275 million in cash paid at the completion of the transaction and up to $225 million in earnout consideration. (Note: Earnout consideration is a common valuation adjustment mechanism in acquisition transactions, where the buyer can pay additional funds based on the target company's achievement of specific metrics after paying the base consideration. Unlike earnout agreements, earnout adjustments focus more on quantifiable objective data, reducing the influence of human intervention.)