Ethereum

Galaxy

Steve

Billion

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/galaxy-asset-management-hits-10-billion-milestone-in-managed-crypto-assets" rel="noopener noreferrer nofollow">Galaxy Asset Management Hits $10 Billion Milestone in Managed Crypto Assets</a><br></p>
<p style="text-align: justify">Galaxy Asset Management (GAM) recently announced a significant achievement, having surpassed a total of $10 billion in assets under management. This landmark underscores the mounting corporate interest in cryptocurrency investments. Galaxy Digital’s CEO, Mike Novogratz, took to Twitter to celebrate the milestone, highlighting the firm’s commitment to granting investors access to the burgeoning digital <a href="https://en.bitcoinhaber.net/central-bank-of-turkey-hikes-interest-rates-amid-crypto-market-movements" rel="noopener noreferrer nofollow">economy</a>.</p>
<h2 id="surge-in-crypto-asset-management">Surge in Crypto Asset Management</h2>
<p style="text-align: justify">In a financial update, GAM reported a preliminary $10.1 billion in assets under management as of late February 2024. This represents a notable 24.8% increase primarily driven by market growth, despite some financial outflows. Over the past year, the firm’s assets have more than tripled, indicating the growing corporate allure towards cryptocurrencies.</p>
<h2 id="investment-strategies-and-market-dynamics">Investment Strategies and Market Dynamics</h2>
<p style="text-align: justify">The firm’s success can be partly attributed to its diverse active and venture investment strategies. Among these is the recently introduced Invesco Galaxy <a href="https://en.bitcoinhaber.net/bitcoins-record-high-correlates-with-tethers-latest-usdt-issuance" rel="noopener noreferrer nofollow">Bitcoin</a> ETF. Despite trailing its peers in terms of initial investment, the firm remains competitive in the market. Additionally, GAM is also contending for approval of an <a href="https://en.bitcoinhaber.net/ethereums-critical-juncture-resistance-and-support-dynamics" rel="noopener noreferrer nofollow">Ethereum</a> ETF, with a decision expected by mid-year.</p>
<p style="text-align: justify">GAM’s parent company, Galaxy Digital Holdings, has been working in collaboration with FTX to manage the sales, staking, and hedging of its crypto assets. Led by Steve Kurz since 2018, GAM aims to maximize creditor value while minimizing market disruption through responsible asset liquidation.</p>
<p style="text-align: justify">Despite a recent dip in after-hours trading, Galaxy Digital’s stock has risen over 23% since the year’s start, following the approval of Bitcoin ETFs. However, the stock still remains considerably lower than its peak during the previous cryptocurrency market surge.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/galaxy-asset-management-hits-10-billion-milestone-in-managed-crypto-assets" rel="noopener noreferrer nofollow">Galaxy Asset Management Hits $10 Billion Milestone in Managed Crypto Assets</a></h5>

Galaxy Asset Management Hits $10 Billion Milestone in Managed Crypto Assets

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