State Street and Galaxy Digital’s collaboration has expanded ETF options beyond Bitcoin, boosting crypto adoption.In fact, despite the recent price decline, ETH CME futures Open Interest is rising, mirroring the trend observed in BTC before the start of ETF trading.This increase in Ethereum CME Futures OI indicated growing institutional interest, heightened market activity, and a bullish sentiment toward ETH.However, this isn’t the only positive news that has captured investors’ attention.
Both companies have indicated in separate announcements that these ETFs will go “beyond” just spot Bitcoin ETFs, suggesting a broader range of digital asset investments. This collaboration highlights the synergy between two leading firms which will provide investors access to the “$2.4 trillion digital asset ecosystem through manager-directed strategies.”, as per the report.
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