State Street Global Advisors Launches Actively Managed Digital Asset ETFs

According to Odaily, State Street Global Advisors, a subsidiary of State Street Corporation, has announced the launch of three actively managed ETFs focused on digital assets and disruptive technologies. These ETFs will be advised by Galaxy Asset Management, a subsidiary of Galaxy Digital Holdings Ltd. and one of the world's largest digital asset and blockchain investment management firms. The newly introduced funds aim to achieve long-term capital appreciation through actively managed portfolios of companies expected to benefit from the growing adoption of blockchain and digital assets. Additionally, these companies are anticipated to gain from cryptocurrency investments via ETFs and futures.