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Stock impact report

State Street, Galaxy Digital to Develop Active Crypto Trading Products [Yahoo! Finance]

State Street Corporation (STT) 
Last state street corporation earnings: 4/17 07:38 am Check Earnings Report
US:NYSE Investor Relations: investors.statestreet.com
Company Research Source: Yahoo! Finance
State Street Global Advisors and Galaxy Asset Management said they are working together to build crypto products that offer exposure to crypto companies as well as spot and futures-based exchange-traded funds (ETFs). State Street Global Advisors, a unit of financial services giant State Street (STT), filed an application with the U.S. Securities and Exchange Commission (SEC) to register a crypto-based fund called the SSGA Active Trust. Galaxy will be responsible for the day-to-day management of the fund's investments, according to the filing. The company is affiliated with Galaxy Digital (GLXY), a financial services company that specializes in digital assets. Together, the companies "will provide investors access to the $2.4 trillion digital asset ecosystem through manager-directed strategies ," the companies said in a statement. While the cryptocurrency industry has gained greater recognition since the U.S. approval of spot bitcoin ETFs in January, "investors are also seeking Show less Read more
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