State Street Global Advisors and Galaxy Digital are joining forces to launch new exchange-traded funds (ETFs) that offer exposure to digital assets. The proposed ETFs will expand beyond Bitcoin, reflecting the growing interest in a broader range of digital assets. The SPDR Galaxy Digital Asset Ecosystem ETF, proposed in a recent filing, will invest in publicly-traded digital asset firms, including crypto exchanges, mining firms, and hardware wallet service providers. State Street Bank and Trust will provide administrative and accounting services for the digital asset ETFs.
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