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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill
The table below sets forth goodwill which is tested annually for impairment on November 30
th
:

 
 
 
Total
Balance at January 1, 2022
   $ 85,856
 
 
 
Changes
     —    
 
 
 
 
 
Balance at December 31, 2022
   $
 
 
 
 
 
 
 
 
 
 
 
 
 
85,856
 
 
 
 
 
 
 
Summary of Intangible Assets
 
Item
 
Gross
Asset
 
 
Accumulated
Amortization
 
 
Net Asset
 
ETFS acquisition
   $ 601,247     $ —       $ 601,247  
Software development
     2,370       (50     2,320  
    
 
 
   
 
 
   
 
 
 
Balance at December 31, 2022
   $ 603,617     $ (50   $ 603,567  
    
 
 
   
 
 
   
 
 
 
Summary of Unamortized Finite-lived Intangible Assets
As of December 31, 2022, expected amortization expense for the unamortized finite-lived intangible assets for the next five years and thereafter is as follows:
 
2023
   $ 700  
2024
     790  
2025
     740  
2026
     90  
2027
     —    
2028 and thereafter
     —    
    
 
 
 
Total expected amortization expense
   $
 
 
 
 
 
 
2,320