Ethereum ETF boom brings Galaxy Digital's management assets to $ 3.2 billion

According to the news of the 4, since the end of October, the manager on behalf of Michael Novogratz of Galaxy Digital has increased by 45% compared to September to $ 3.2 billion. At the start of 2021, the size of the management was still less than $ 1 billion. The main driver of the increase is the Canadian ETF's offering, specifically the CI Galaxy Ethereum ETHX (ETHX), which focuses on Ethereum. Novogratz said in an interview: Cryptocurrency has become an asset, not just an asset. In terms of industrial infrastructure and asset development, ETH is accelerating to catch up, which is roughly equivalent to the problem with Bitcoin a year and a half ago. (Bloomberg)