State Street’s asset management arm, State Street Global Advisors (SSGA AUM $4.3 trillion), has partnered with Galaxy Asset Management to collaborate on digital assets. Together they plan to launch ETFs that provide investment strategies involving exposure to companies in the digital asset sector, “going beyond cryptocurrencies and bitcoin.” Galaxy already has a spot Bitcoin ETF in conjunction with Invesco.
“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,” said Anna Paglia, Chief Business Officer at State Street Global Advisors.
“We are pleased to be working with Galaxy to educate investors about the role digital assets can play in a diversified portfolio, and provide the opportunity to participate in the next level of growth and innovation for the digital asset ecosystem.”
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