State Street Global Advisors and Galaxy Asset Management have announced a partnership to develop new crypto investment products aimed at providing exposure to crypto companies, spot, and futures-based exchange-traded funds (ETFs).
State Street has filed for SEC registration of the SSGA Active Trust, with Galaxy managing the fund's daily operations.
This collaboration aims to tap into the expanding $2.4 trillion digital asset ecosystem, offering diversified investment strategies beyond traditional spot Bitcoin (CRYPTO:BTC) ETFs.
Anna Paglia, Chief Business Officer at State Street Global Advisors, demonstrated the strategic focus on understanding crypto ecosystems through expert management.
The initiative emphasises the increasing institutional interest in crypto assets beyond basic bitcoin investments, marking a significant step in integrating digital assets into mainstream financial portfolios.