Galaxy Digital, the crypto-focused investment company of famous billionaire Mike Novogratz, and DWS, one of the world’s leading asset managers, have formed a strategic partnership to develop ETP products.
Galaxy Digital to develop a range of exchange traded products (ETPs) for listing in Europe assets of $907 billion under the management DWS announced its partnership with ETPs to be released through this partnership will be available to European investors. through traditional brokerage accounts It aims to provide cost-effective tools for accessing cryptocurrency investments. Such investment tools pave the way for adoption by enabling institutional investors to enter risk product sectors such as cryptocurrencies more securely.
Galaxy Digital has taken a similar step before and CI Global Asset in Canada Along with Management, he launched exchange-traded funds. Although the US regulators take a strict stance not to list cryptocurrency-focused ETPs, these products are important to the industry. Europe And Canada succeeded in obtaining a legal basis in particular.