CandleFocus Galaxy, State Street Launch 3 Crypto ETFs Despite Rising Outflows
2024-09-10
Author: Content Editor
State Street Global Advisors and Galaxy Asset Management have launched three new crypto-focused exchange-traded funds (ETFs) aimed at giving investors exposure to the blockchain industry while managing volatility. The ETFs, which will begin trading on Tuesday, will invest in shares of crypto-related companies and other ETFs that hold physical Bitcoin or Bitcoin futures. The launch comes despite recent heavy outflows from similar investment products. The newly launched ETFs are SPDR Galaxy Digital Asset Ecosystem ETF, SPDR Galaxy Hedged Digital Asset Ecosystem ETF, and SPDR Galaxy Transformative Tech Accelerators ETF.
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