State Street and Galaxy Digital Launch Three Crypto ETFs
CryptoNewsTerminal Staff10 Sep, 2024
State Street and Galaxy Digital Launch Three Crypto ETFs
State Street, a leading U.S. asset management giant, has joined forces with Galaxy Digital, a well-known crypto financial services company, to introduce three cryptocurrency exchange-traded funds (ETFs) into the market. These ETFs, accessible via the tickers DECO, HECO, and TEKX, will focus their investments on companies operating in the cryptocurrency, blockchain, artificial intelligence (AI), data center, and mining sectors. This partnership underscores the growing recognition and acceptance of cryptocurrencies and the associated infrastructure within traditional finance. By pooling their knowledge and expertise, State Street and Galaxy Digital aim to provide investors with regulated access to the burgeoning crypto market through easily accessible and tradable investment vehicles. The launch of these ETFs marks a significant milestone in the evolution of the crypto sector and expands opportunities for investors seeking exposure to the digital asset landscape.
