State Street Partners with Galaxy to Launch $2.4 Trillion Digital Asset-Based ETFs

State Street, the third-largest ETF issuer, is partnering with Galaxy to collaborate on digital asset-based ETFs. The partnership aims to bring investors the next generation of digital asset-based strategies, offering exposure to companies involved in the digital asset space, beyond just cryptocurrencies and Bitcoin. Galaxy's CEO expressed excitement about providing access to the $2.4 trillion digital asset ecosystem through manager-directed strategies. On Wednesday, State Street and Galaxy filed for an ETF offering exposure to a mixture of digital assets equities and spot cryptocurrencies. Despite this, State Street is not going all-in with spot BTC and ETH ETFs.