**State Street and Galaxy Launch New Crypto ETFs**

State Street Global Advisors and Galaxy Asset Management have introduced three new cryptocurrency exchange-traded funds (ETFs) as of September 10. These ETFs are designed to leverage the growth of Web3 technology.

- **New ETFs**: The funds include the SPDR Galaxy Digital Asset Ecosystem ETF (DECO), SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO), and SPDR Galaxy Transformative Tech Accelerators ETF (TEKX).

- **Investment Focus**: Unlike traditional crypto funds, these ETFs offer diversified exposure to blockchain technology and digital assets.

- **Management**: The ETFs are actively managed by Galaxy, known for its crypto expertise, and charge fees ranging from 0.65% to 0.9%.

- **Portfolio**: DECO and HECO invest in a mix of stocks and cryptocurrencies, including Bitcoin miners and exchange operators, while TEKX focuses on blockchain and AI stocks.

This move reflects a growing trend among asset managers to provide diversified investment options in the digital asset space.