State Street Global Advisors launches new crypto ETFs in collaboration with Galaxy Asset Management, offering exposure to digital assets and emerging technologies like blockchain and AI.
The three ETFs aim to capitalize on market inefficiencies and navigate the evolving digital asset landscape through active management.
These new funds are a result of the partnership State Street announced in June with Galaxy Digital, a leader in the crypto industry.
Crypto exposure through companies and ETFs
The SPDR Galaxy Digital Asset Ecosystem ETF (DECO) focuses on companies benefiting from blockchain adoption, with significant allocations to Fidelity’s FBTC spot Bitcoin ETF and other crypto-related firms.
HECO incorporates covered call and protective put options to manage volatility, while TEKX targets companies supporting disruptive technologies like blockchain and AI.
Anna Paglia, chief business officer for State Street Global Advisors, believes in the transformative power of digital assets and blockchain technology for the financial markets and the economy.
“Digital assets and blockchain technology have the power to transform financial markets as well as the economy over the next decade, and a number of companies will grow and flourish thanks to their contribution to this transformative technology.”
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