State Street believes the “next level of growth” will come from investment options offering more than “pure spot” Bitcoin.
Asset manager State Street Global Advisors has teamed up with crypto investment firm Galaxy Digital — aiming to launch new exchange-traded funds offering exposure to digital assets.
In separate statements, the two investment firms have hinted that these ETFs would expand “beyond” spot Bitcoin (BTC) ETFs.
“Institutional and retail interest in digital assets has surged since the introduction of spot bitcoin ETFs. However, investors are also seeking exposure to this growing asset class through investment options beyond pure spot bitcoin,” the $4.1 trillion asset manager State Street said in a June 26 statement.
