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Galaxy Digital And State Street Are Partnering Up For Crypto Expansion

June 28, 2024
x min read

One of the largest publicly traded digital asset companies in the world is teaming up with an ETF giant. And they have plans to reshape the way traditional markets can participate in the crypto ecosystem.

What’s happening:

  • Galaxy Digital (TSX: GLXY) and asset management giant State Street have announced a partnership to launch new ETFs focused on digital assets

Why it matters:

By the numbers:

  • State Street is the 3rd largest ETF company in the world
  • Galaxy Digital currently has more than $6B USD in assets under management

Going deeper:

  • The new ETFs being planned by Galaxy Digital and State Street aim to go far beyond just exposure to Bitcoin and Ethereum, with initial plans for ETFs focused on publicly traded crypto companies, venture backed crypto startups and even crypto futures trading

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