{"id":14767,"date":"2024-06-27T16:53:41","date_gmt":"2024-06-27T13:53:41","guid":{"rendered":"https:\/\/forklog.com\/en\/state-street-and-galaxy-digital-to-launch-actively-managed-crypto-etf\/"},"modified":"2024-06-27T16:53:41","modified_gmt":"2024-06-27T13:53:41","slug":"state-street-and-galaxy-digital-to-launch-actively-managed-crypto-etf","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/state-street-and-galaxy-digital-to-launch-actively-managed-crypto-etf\/","title":{"rendered":"State Street and Galaxy Digital to Launch Actively Managed Crypto ETF"},"content":{"rendered":"<p>Investment management divisions of State Street Corporation and Galaxy Digital Holdings have jointly filed for the launch of an <span data-descr=\"the fund invests in various assets chosen by managers, rather than passively following a base index or strategy\" class=\"old_tooltip\">actively managed<\/span> exchange-traded fund (ETF).<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Galaxy and <a href=\"https:\/\/twitter.com\/StateStreetGA?ref_src=twsrc%5Etfw\">@StateStreetGA<\/a> are collaborating to bring investors the next generation of digital asset-based strategies that will offer exposure to companies involved in the digital asset space, going beyond cryptocurrencies and bitcoin.<\/p>\n<p>Press Release: <a href=\"https:\/\/t.co\/oWBEoxd8mi\">https:\/\/t.co\/oWBEoxd8mi<\/a> <a href=\"https:\/\/t.co\/QS6vSVnBsL\">pic.twitter.com\/QS6vSVnBsL<\/a><\/p>\n<p>\u2014 Galaxy (@galaxyhq) <a href=\"https:\/\/twitter.com\/galaxyhq\/status\/1806081362488709404?ref_src=twsrc%5Etfw\">June 26, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\u00a0<\/p>\n<p>SSGA Active Trust, managed by State Street Global Advisors and Galaxy Asset Management, will offer investors &#8220;access to the $2.4 trillion digital asset ecosystem&#8221; through manager-defined strategies.\u00a0\u00a0\u00a0<\/p>\n<p>According to the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1516212\/000119312524169018\/d849788d485apos.htm\">filing<\/a>, the fund will invest in:<\/p>\n<ul class=\"wp-block-list\">\n<li>equity securities of industry companies such as blockchain developers, bitcoin miners, payment solution providers, and others;<\/li>\n<li>other crypto ETFs (primarily futures-based);<\/li>\n<li>derivatives based on virtual currencies;<\/li>\n<li>other exchange-traded products based on digital assets.<\/li>\n<\/ul>\n<p>The partners noted that institutional and retail demand for cryptocurrencies surged following the <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">launch of spot bitcoin ETFs<\/a> in January. However, investors are eager to access this new asset class through options beyond the existing ones.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;By partnering with State Street Global Advisors and leveraging our collective expertise, we believe we are well-positioned to make digital assets more accessible to a broader investment community by creating new ETFs that offer access to digital assets,&#8221; said Steve Kurz, Head of Asset Management at Galaxy.<\/p>\n<\/blockquote>\n<p>The companies are expected to develop a range of similar products as part of their collaboration. State Street Bank and Trust Company will provide administration and accounting services for the funds.<\/p>\n<p>Experts anticipate that the SEC will approve the launch of spot Ethereum ETFs on July 4. Galaxy, in collaboration with Invesco, is the issuer of one of the funds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investment management divisions of State Street Corporation and Galaxy Digital Holdings have jointly filed for the launch of an actively managed exchange-traded fund (ETF). Galaxy and @StateStreetGA are collaborating to bring investors the next generation of digital asset-based strategies that will offer exposure to companies involved in the digital asset space, going beyond cryptocurrencies and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,770,1609],"class_list":["post-14767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-galaxy-digital","tag-state-street"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14767"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14766"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}