According to online reports, crypto ETF issuer WisdomTree announced that it has completed the acquisition of alternative asset management company Ceres Partners, which will expand its business into exchange-traded products (ETP), custody, and tokenization markets. The acquisition amount includes $275 million in cash paid at the time of transaction completion and a maximum profit consideration of $225 million. (Note: Profit consideration is a common valuation adjustment mechanism in acquisition transactions. After paying the basic consideration, the buyer can pay additional funds based on the target company's completion of specific indicators. Unlike the gambling agreement, profit consideration adjustment focuses more on quantifiable objective data. Reduce human intervention factors)