Two index families provide exposure to miners, infrastructure technologies, cryptocurrency buyers and blockchain users
Galaxy Digital, in partnership with Bloomberg, has launched a DeFi index to track nine tokens, including Uniswap and Aave.
As of mid-June, an all-time high of $17 billion has been invested into crypto projects in 2021, and NFTs may be a front runner.
Firm files for bitcoin futures ETF despite Michael Novogratz saying SEC favoring these products is “a mistake”
“Proof of Stake and the ability to earn yield will be an important catalyst in driving further institutional interest in the digital asset industry,” Mike Novogratz, CEO and founder of Galaxy Digital said.
Novogratz said he believes bitcoin could reach $60,000 by the end of 2021 and called $250,000 a “reasonable target” when looking ahead five years from now.
Galaxy Digital is leaning into emerging technologies in the crypto space following its Vision Hill acquisition earlier this year.
Richard Kim, GP at Galaxy Interactive said the investment provides “‘smart beta’ to the evolving ecosystem, and the opportunity to leverage the team’s unique backgrounds and insights to intelligently assess opportunities and pitfalls across the space.”