Galaxy Digital Holdings Ltd., an asset management firm, operates in the digital asset, cryptocurrency, and blockchain technology industry. It operates in five business lines, which include trading, asset management, principal investments, investment banking, and mining. The company buys, sells, lends, and borrows cryptocurrencies and other digital assets, which include over-the-counter (OTC) liquidity provision, on-exchange market-making, OTC derivative trading, options, futures, borrowing and lending, proprietary quantitative, arbitrage, and macro trading strategies. It also manages third party capital across various traditional asset classes comprising macro hedge funds, long/short equity hedge funds, venture capital, and various structured credit and direct lending funds. In addition, the company offers advisory services, such as general corporate, strategic, mergers and acquisitions, divestitures, and restructuring advisory services, as well as equity, debt, and project finance capital markets services to public and private clients. Further, it manages various products and services related to bitcoin mining by sourcing clients, creating miner focused products, and identify new solutions; and provides trade and risk management solutions, and principal lending and equity investments, as well as advisory services for bitcoin miners. Additionally, the company manages a portfolio of private and public principal investments across digital asset, cryptocurrency, and blockchain technology sector, including early- and later-stage equity, secured lending, pre-initial coin offering contributions, and other structured alternative investments. Galaxy Digital Holdings Ltd. is headquartered in New York, New York.

Investment Giant Invesco Prepares Products with Bitcoin Support

Investment giant with more than $1.3 trillion in assets and one of the largest providers of exchange-traded funds in the United States, Invesco plans to launch its series of Bitcoin-backed products, The Wall Street Journal reports.

On September 22, Atlanta Asset Management intends to announce a partnership with Galaxy Digital Holdings, a start-up digital asset business, to create U.S.-listed ETFs that hold and track the performance of Bitcoin and other cryptocurrencies while trading like stocks. If and when the Securities and Exchange Commission (SEC) authorizes trading in virtual currencies, Asset Management and Galaxy Digital plan to capitalize on investor interest in digital assets in the form of cryptocurrency ETFs.

Bloomberg Intelligence commodity strategist Mike McGlone believes that the U.S. government could authorize the creation of a Bitcoin ETF by the end of October. In addition, he noted that Canada has built a competitive edge ahead of the U.S. by allowing Bitcoin ETFs in April. In this regard, McGloon noted that institutionalized crypto products in Canada are attracting money from the U.S., including from Ark Invest Cathie Wood. He is convinced that the American legislators will not settle for this for a long time.
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