The digital asset financial services firm led by Michael Novogratz, Galaxy Digital, is set to launch cryptocurrency exchange-traded products (ETPs) in Europe “within a few weeks,” according to the CEO of its European operations.
Galaxy Digital has announced a collaboration with DWS to develop exchange-traded products (ETPs) for listing in Europe. This partnership aims to offer European investors access to digital assets via regular brokerage accounts.
Frankfurt-based DWS, with 821 billion euros ($907 billion) in assets under management, will serve as Galaxy Digital’s “exclusive ally” for crypto ETPs in the European market.
At Blockworks’ Digital Asset Summit 2024 in London on Tuesday, Leon Marshall, speaking on a panel, announced, “We partnered with DWS and will, in a matter of weeks, be launching new ETPs in Europe.”
Nevertheless, more crypto investment products have gained traction in Europe and Canada, which provides a gateway for institutional investors without the need to own and trade Bitcoin.
Galaxy Digital has been actively involved in listed exchange-traded funds in Canada through its joint venture with CI Global Asset Management.
The introduction of crypto ETPs in Europe aligns with the broader trend of traditional financial institutions embracing digital assets and citing opportunities within the evolving blockchain.
Also Read: Galaxy Digital CEO Foresees Bitcoin Correction Pre-Year-End.
