Bank

Galaxy

Steve

State Street Global Advisors and Galaxy Asset Management have teamed up to offer innovative digital asset investment strategies. These products will provide exposure to crypto companies, as well as spot and futures-based exchange-traded funds (ETFs) and this aims to provide investors with exposure to companies in the digital asset space, moving beyond just cryptocurrencies and bitcoin. 
Anna Paglia, Chief Business Officer at State Street Global Advisors, <a href="https://www.galaxy.com/newsroom/state-street-global-advisors-and-galaxy-asset-management-join-forces/" target="_blank" rel="noreferrer noopener nofollow">highlighted</a> the importance of understanding the broader digital asset landscape. “We believe that the digital assets landscape is so much more than the single crypto components and that crypto native companies are best equipped to understand that ecosystem and its correlation with financial markets,” she said.&nbsp; 
Paglia also emphasized the partnership’s goal to educate investors and offer opportunities in the rapidly evolving digital asset sector. 
This partnership between State Street Global Advisors and Galaxy Asset Management aims to introduce investors to the latest innovations in digital asset investment. By leveraging the strengths of these two prominent brands and pioneers in the field, the collaboration will offer investors opportunities to access the $2.4 trillion digital asset ecosystem through manager-directed strategies. 
Steve Kurz, Global Head of Asset Management at Galaxy, echoed this sentiment, noting Galaxy’s expertise in managing digital assets and crypto companies. Kurz added that this partnership can make digital assets more accessible through new ETFs. 
With the growing interest in digital assets, especially since the introduction of spot bitcoin ETFs, investors are seeking diverse investment options to meet that demand by creating innovative ETFs that go beyond pure Bitcoin exposure. 
State Street Bank and Trust are <a href="https://www.sec.gov/Archives/edgar/data/1516212/000119312524169018/d849788d485apos.htm" target="_blank" rel="noreferrer noopener nofollow">expected</a> to provide administrative and accounting services for these new ETFs, reinforcing the partnership’s commitment to bringing advanced digital asset investment solutions to the market. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/22/asset-managers-race-for-ethereum-etf-approval-fees/" target="_blank" rel="noreferrer noopener">Asset Managers Race for Ethereum ETF Approval Fees</a> 
</blockquote>

Galaxy, State Street Partner To Unveil Next-Gen Crypto Trading Products

The Crypto Times

Andre artikler udgivet 27. jun. 2024

Ethena price forms inverse H&S amid USDe integrations

Spot Ethereum ETFs Anticipated to Launch by July 4, Analysts Discuss Potential Inflows

Chainlink Broadens Service Offerings

German And US Governments Are Selling Bitcoin While El Salvador Holds

Investors Favour BlockDAG as the Premier Layer 1 Crypto, Eyeing 30,000x Gains Amid Rising Prices ...

US Fed CIO says it’s ‘hard to justify’ hiring human coders over AI

Join our free newsletter for daily crypto updates!