The exact renormalization group (ERG) is a powerful tool for understanding the formal properties of field theories. By adapting generalized ERG schemes to the flow of wavefunctionals, we obtain a large class of continuous unitary networks, a special case of which includes a class of Gaussian continuous Multi-scale Renormalization Ansatzes (cMERAs). The novel feature of these generalized wavefunctional ERG schemes is allowing for modifications of the dispersion relation, which drastically changes the entanglement structure of the ultraviolet states.