State Street Global Advisors and Galaxy Asset Management have announced a collaboration to develop new crypto products, including exchange-traded funds (ETFs) that provide exposure to crypto companies and both spot and futures-based assets. This partnership aims to go beyond Bitcoin, targeting a broader range of digital assets. Galaxy Digital CEO Mike Novogratz stated, 'It's where we see the next level of growth.' Meanwhile, BlackRock has disclosed in an SEC filing that its Global Allocation Fund has acquired 43,000 shares of its Bitcoin ETF, marking the third internal fund to invest in Bitcoin through the IBIT Bitcoin ETF. BlackRock's head of Active ETFs, Jay Jacobs, described Bitcoin as a 'nascent asset' and highlighted its potential as a hedge against geopolitical uncertainty.
"The fact that Bitcoin gives anyone property rights without the need for state enforcement or identification is a simply massive historical innovation that will take many decades for humanity to properly appreciate." - Alex @gladstein #Bitcoin https://t.co/pENIhPvfGx
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Nee great ads from Blackrock defining #Bitcoin as a nascent asset. https://t.co/1nTbms6x9H
.@StateStreetGA Partners With @galaxyhq to Create New #Crypto ETFs https://t.co/GwCvxlbD1c
NEW: BlackRock releases new institutional promotion for their #Bitcoin ETF 👀 https://t.co/H7C94Pt9mo
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JUST IN: BlackRock's head of Active ETFs, Jay Jacobs, said, "#Bitcoin is a nascent asset, it's only 1/10th the size of the gold market." We are so early! 🚀 https://t.co/wlU8LUAL32
JUST IN: BlackRock says #Bitcoin is seen as a hedge against geopolitical uncertainty. 🤝 https://t.co/NGX7S4RaLY
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BLACKROCK: #Bitcoin is a “nascent asset” that investors use as a hedge against geopolitical uncertainty. 👀 https://t.co/hwcYEegdLK
In hindsight it will look so obvious and easy #Bitcoin $BTC https://t.co/Z67pb82WDe
Bitcoiners need their own place where they can USE their Bitcoin. That's why we're building Mezo. BitcoinFi awaits 🤌 🎥⬇️ @mhluongo https://t.co/U8icMmFvx6
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Some really good coins and NFTs at crazy discounts
JUST IN: BlackRock releases video saying "#Bitcoin is a nascent asset, it's only 1/10th the size of the gold market" 🚀 https://t.co/nWPVBtgR1N
NEW: State Street teams up with Galaxy Digital to launch new ETFs for digital assets "beyond pure spot #Bitcoin". "It's where we see the next level of growth," says Galaxy Digital CEO Mike Novogratz. https://t.co/M7XFXR2BDT
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JUST IN: BlackRock bought shares of its spot #Bitcoin ETF for its Global Allocation Fund 👀 https://t.co/nL5mGmn1ep
💥BREAKING💥 BlackRock's Global Allocation Fund disclosed owning 43,000 shares of the #Bitcoin ETF https://t.co/rPYNrPsWdE
JUST IN: BlackRock disclosed buying #Bitcoin for its Global Allocation Fund in latest SEC filing. This is the THIRD internal BlackRock fund that has bought #Bitcoin through the $IBIT Bitcoin ETF 🫡 @MacroScope17 https://t.co/geTQ01T70P
This looks so sick! @kaidrochronicle nft skins cross over to @Nifty_Island ❤️ https://t.co/Oo3QgHsFWG
State Street and Galaxy Digital launch crypto ETFs aimed beyond Bitcoin via @hardeyjumoh https://t.co/7GYUIfh30a
State Street Global Advisors and Galaxy Asset Management said they are working together to build crypto products that offer exposure to crypto companies as well as spot and futures-based exchange-traded funds (ETFs). State Street Global Advisors, a unit of financial services… https://t.co/F5hvObC4Qz
State Street and Galaxy Digital team up to launch active crypto ETF https://t.co/OFgdjNPqNw
State Street Global Advisors and Galaxy Asset Management will build crypto products that offer exposure to crypto companies as well as spot and futures-based ETFs. By @parikshitm899 and @godbole17. https://t.co/80lcxSORew
STATE STREET GLOBAL ADVISORS AND GALAXY DIGITAL TO LAUNCH DIGITAL ASSET ETFS BEYOND BITCOIN - State Street, managing approximately $4.1 trillion in assets, and Galaxy Digital have unveiled plans to launch the SPDR Galaxy Digital Asset Ecosystem ETF. - Among the companies that… https://t.co/CU6MmouuSW https://t.co/ovtwidC10J
State Street entering the bitcoin ETF fray State Street and Galaxy Plan Crypto ETF Designed to Be Defensive https://t.co/D8gkKa1vpH
State Street, Galaxy filed for an ETF on Wednesday offering exposure to a mixture of digital assets equities and spot cryptocurrencies https://t.co/svFtOlVUT5
State Street, the 3rd largest ETF issuer, is partnering w/ Galaxy to collaborate on digital asset-based ETFs… Def noteworthy, but surprised State Street not going all-in w/ spot btc & eth ETFs. https://t.co/Uv5k7eKuFB
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