But of him are ye in Christ Jesus, who of God is made unto us wisdom, and righteousness, and sanctification, and redemption:
But ... ye - in contrast to them that "glory" in worldly wisdom.
Of him are - not of yourselves (Ephesians 2:8), but of Him (Romans 11:36), having become His children in Christ. From Him ye are (i:e., have spiritual existence, who once were spiritually among the "things which are not," (1 Corinthians 1:28).
In Christ - by living union with Him. Not 'in the flesh' (1 Corinthians 1:26-29).
Of God - from God: emanating from and sent by Him.
Is made unto us - was once for all (Aorist) made to us to our eternal gain Is made unto us - was once for all (Aorist) made to us, to our eternal gain.
Wisdom - unattainable by the worldly mode of seeking it (1 Corinthians 1:19-20: contrast Colossians 2:3; Proverbs 8:1; Isaiah 9:6). As Christ is God's gift to believers, all that is Christ's is made over to them-wisdom in its essence and perfection, etc., to be gradually developed in our union with Him. By it we become "wise unto salvation," and "walk not as fools, but as wise" (Ephesians 5:15; 2 Timothy 3:15).
Righteousness - our justification (Jeremiah 23:5-6; Romans 4:25; 2 Corinthians 5:21; Isaiah 42:21; Isaiah 45:24).
Sanctification - by His Spirit (1 Peter 1:2). His sanctification or consecration to God is the source of our sanctification (1 Corinthians 1:2), which is perfect in Him, but gradually developed in us (John 17:19). Hereafter our righteousness and sanctification shall be both perfect and inherent. Now the righteousness wherewith we are justified is perfect, but not inherent; that wherewith we are sanctified is inherent, but not perfect (Hooker). "Righteousness" and "sanctification" are joined in the Greek (by te (G5037) kai (G2532) between them) as essentially but one thing, as distinguished from the "wisdom" in devising the plan for us (Ephesians 1:8), and "redemption," the final completion of it in the deliverance of the body (the position of "redemption" last shows that this is the sense) (Luke 21:28; Romans 8:23; Ephesians 1:14; Ephesians 4:30).