Galaxy's asset management arm partially attributed the milestone to its spot Bitcoin ETF with Invesco, though inflows have been low.
Crypto investment firm Galaxy Asset Management has exceeded $10 billion in assets under management for the first time, citing a surge of institutional interest in digital assets.
On March 19, Galaxy Digital CEO Mike Novogratz shared the milestone on X, which he said was part of “continuous progress in enabling investor access to the growing digital economy.”
In a company blog post updated on March 18, Galaxy Asset Management (GAM) reported preliminary assets under management of $10.1 billion as of Feb. 29, 2024.
