State Street Global Advisors Partners with Galaxy to Launch Crypto ETFs
State Street Global Advisors, among the world's largest investment managers, has teamed up with Galaxy Asset Management to introduce exchange-traded funds targeting crypto companies, as announced recently.
The fund, known as the SSGA Active Trust, is currently awaiting approval from the U.S. Securities and Exchange Commission, aiming to invest in a variety of crypto-related assets including equity securities, futures ETFs, and spot crypto ETPs.
This initiative responds to increasing investor demand for broader exposure within the crypto industry, beyond traditional spot bitcoin investments.
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State Street Bank and Trust will handle administrative tasks, while Galaxy Asset Management will oversee daily operations.
Anna Paglia, SSGA’s chief business officer, emphasized the importance of understanding the broader digital assets landscape, suggesting that crypto-native firms are best positioned to navigate this evolving market.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
