The indexes track the performance of assets across the blockchain ecosystem, from Microsoft to Square to crypto miners.
Galaxy Digital, like numerous other firms, is still waiting for the green light from regulators to start running a bitcoin ETF.
Unlike the US, Europe already has a bevy of exchange-traded crypto products, but the new fund is the first to receive regulators' highest approval.
Galaxy Digital CEO Mike Novogratz believes the cryptocurrency market needs strong, smart regulation and he will "educate DC" to help make that happen.
"The value of bitcoin isn't the bitcoin code. It's this social construct. It's valuable because we say it's valuable," Novogratz said. "It's crazy."
The crypto billionaire also said that the cryptocurrency world is often too angry, and that his firm Galaxy Digital is close to a huge hire.
All of the top 10 cryptocurrencies by market cap, except the stable coins Tether and USD Coin, fell by double digits on Wednesday in a crypto rout.
The Galaxy Digital CEO dismissed the crypto sell-off as short-term volatility, and said he was taking Musk's bitcoin critique at face value.
Galaxy Digital researchers argue that the energy consumption of bitcoin is under fire due to the transparency of data.
Galaxy Digital Holdings announced Wednesday it agreed to acquire BitGo, a digital asset infrastructure start-up, for $1.2 billion in cash and stock.
Galaxy Digital boss Mike Novogratz changed his tune on dogecoin, which he once dismissed. His firm now says it has "remarkably strong fundamentals."
Musk had replied to a post from the Dogecoin Twitter account calling for "someone who can lead us into the future."
"The crypto markets are telling us that there is a growing probability that they won't be able to land the plane," the Galaxy Digital CEO said on Thursday.
The Galaxy Digital CEO said bitcoin and Ethereum's ether look cheaper than other cryptocurrencies, and predicted Dogecoin will plunge in price.
Mike Novogratz said investors should be focusing on bitcoin, which he said could hit $500,000 if institutions keep up their "frantic" interest.
MicroStrategy, Galaxy Digital and other bitcoin holders soared on the markets last week. Tesla’s purchase of $US1.5 billion in bitcoin was the catalyst, bringing more attention to crypto. But bitcoin’s volatility and energy use are obstacles to widespread adoption by firms. Sign up here for our daily newsletter, 10 Things […]
Dogecoin buyers should be ready to stomach heavy losses, Mike Novogratz said. Real money is at risk in the joke cryptocurrency, the Galaxy Digital CEO said. Novogratz also criticised Tesla CEO Elon Musk for touting Dogecoin and driving up its price. Visit Business Insider’s homepage for more stories. The Dogecoin […]