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.
DeFi has taken the world by storm, but there are a few more steps until it’s ready for institutional finance, Galaxy Digital’s Mike Novogratz and others argued on a recent Blockworks webinar
Unregistered securities offerings and fraud account for bulk of charges
Wall Street titan’s latest partnership the latest step in its expansion to digital assets realm