Galaxy Digital To Launch New ETPs In Europe
Galaxy Digital, a digital asset financial services firm led by Michael Novogratz, is set to launch crypto exchange-traded products (ETPs) in Europe in the coming weeks.
The announcement follows a year-long partnership with asset manager DWS to provide European investors with access to digital asset investments through traditional brokerage accounts. DWS Group, formerly Deutsche Asset Management, manages assets worth €859 billion.
Galaxy Digital’s CEO, Leon Marshall, confirmed the imminent launch of the new ETPs at the Blockworks’ Digital Asset Summit 2024 in London. The collaboration aims to bridge the crypto industry and mainstream financial markets.
Galaxy Digital has also made strides in the U.S. market, listing a spot bitcoin ETF (BTCO) with Invesco in January and launching a stablecoin through its concurrent partnership with DWS in December 2023.
(With inputs from Shikha Singh)
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