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Mike Novogratz Positions His Firm Galaxy Digital at Center of Hoped-for Crypto ETF Boom

Amy Liu

Summary: Mike Novogratz is seeking to position his Galaxy Digital Holdings at the center of what could turn out to be a boom in cryptocurrency exchange-traded funds, as reported by Bloomberg. “Crypto is being institutionalized at an accelerating rate,” Novogratz said in an interview. “And now an ETF product is showing up in Canada first, it ...

Mike Novogratz is seeking to position his Galaxy Digital Holdings at the center of what could turn out to be a boom in cryptocurrency exchange-traded funds, as reported by Bloomberg.

Crypto is being institutionalized at an accelerating rate,” Novogratz said in an interview. “And now an ETF product is showing up in Canada first, it will show up in the U.S. next. It’s all part of this accelerating evolution of being a store of value.”

“We want Galaxy to be seen as the smartest guys in the room when it comes to crypto,” Novogratz said. “We want to be in the center of the action.”

By Amy Liu

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