Crypto News: Galaxy and State Street Introduce 3 Innovative Crypto ETFs

Tuesday, 10 September 2024, 08:26

Crypto news reveals that Galaxy and State Street have launched three new crypto ETFs. These funds aim to offer investors exposure to the blockchain industry while addressing recent outflows in similar products.
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Crypto News: Galaxy and State Street Introduce 3 Innovative Crypto ETFs

Galaxy and State Street Introduce Innovative Crypto ETFs

State Street Global Advisors and Galaxy Asset Management have launched three new crypto-focused exchange-traded funds (ETFs), despite recent heavy outflows from similar investment products. The newly launched ETFs will start trading on Tuesday, according to a statement.

Details of the New Crypto ETFs

Galaxy and State Street Introduce:

  • SPDR Galaxy Digital Asset Ecosystem ETF (DECO)
  • SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO)
  • SPDR Galaxy Transformative Tech Accelerators ETF (TEKX)

These funds aim to give investors exposure to the blockchain industry while managing volatility. Instead of holding cryptocurrencies directly, these new funds will invest in shares of crypto-related companies and other ETFs that hold physical Bitcoin or Bitcoin futures.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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