State Street Global Advisors and Galaxy Asset Management said they are working together to build crypto products that offer exposure to crypto companies as well as spot and futures-based exchange-traded funds (ETFs).
State Street Global Advisors, a unit of financial services giant State Street (STT), filed an application with the U.S. Securities and Exchange Commission (SEC) to register a crypto-based fund called the SSGA Active Trust.
Galaxy will be responsible for the day-to-day management of the fund’s investments, according to the filing.
https://www.coindesk.com/business/2024/06/27/state-street-galaxy-digital-to-develop-active-crypto-trading-products/ @BestIco