This week’s Crypto Biz features Galaxy Digital and CoinShares earning results, Franklin Templeton’s CEO betting on blockchain, Polymarket’s funding raise, and a leadership transition at dYdX.
Spot Bitcoin exchange-traded fund (ETF) managers have released their first financial results since the crypto funds began trading.
Galaxy Digital’s net income rose 40% in the first quarter, with management and performance fees reaching $17.8 million — a 113% increase from the previous quarter.
CoinShares, which recently completed the acquisition of Valkyrie’s spot Bitcoin (BTC) ETF, posted a 216% revenue gain in Q1 to 19.5 million British pounds ($24.5 million).
