SSGA, Galaxy, Partner for Digital Assets Investment Access

State Street Global Advisors is entering a partnership with Galaxy Asset Management to offer a range of digital asset-based strategies that will offer exposure to companies involved in the digital asset space, “going beyond cryptocurrencies and bitcoin”.

The firms say they will provide investors with access to the $2.4 trillion digital asset ecosystem through manager-directed strategies. They add that institutional and retail interest in digital assets has surged since the introduction of spot bitcoin ETFs, but point out that investors are also seeking exposure to this growing asset class through investment options beyond pure spot bitcoin – an area they sat they believe this is where the next level of growth is for the digital asset ecosystem.

“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,” says 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.”

Steve Kurz, global head of asset management at Galaxy, adds, “Since Galaxy was founded, active management across the full ecosystem of digital assets and crypto companies has been a core competency. By partnering with State Street Global Advisors and utilising our combined expertise, we believe we are in a strong position to make digital assets more accessible to the broader investment community through the creation of new ETFs offering exposure to digital assets.”