NEW YORK, Aug. 24, 2021 /CNW/ - Galaxy Digital Holdings
Ltd. (TSX: GLXY) ("Galaxy Digital" or the "Company"), a leading
financial services and investment management innovator in the
digital asset, cryptocurrency, and blockchain technology sectors,
announced today that Galaxy Fund Management has partnered with
Alerian and S-Network Global Indexes, a pioneering index provider
focused on building innovative index-based investment strategies,
to launch the Alerian Galaxy Global Blockchain Indexes and Alerian
Galaxy Global Cryptocurrency-Focused Blockchain Indexes. These
indexes support the ever-growing demand for investment
opportunities in the blockchain and crypto economy.
![Galaxy Digital Holdings Ltd. Logo (CNW Group/Galaxy Digital Holdings Ltd.) Galaxy Digital Holdings Ltd. Logo (CNW Group/Galaxy Digital Holdings Ltd.)](https://mma.prnewswire.com/media/1600260/Galaxy_Digital_Holdings_Ltd__Galaxy_Digital_Asset_Management__Ma.jpg)
Crypto and blockchain technology continue to capture the
interest of institutional and retail investors globally. Gartner
forecasts that the business value generated by blockchain will grow
rapidly, reaching $176 billion by
2025 and $3.1 trillion by 2030.
However, opportunities to access the institutional-grade
cryptocurrency and blockchain investment vehicles remain limited,
as the space is nascent and the barriers to entry are high. Through
this partnership, the Alerian Galaxy Global Indexes provide
exposure to public companies and select investment vehicles that
are actively engaged in the rapidly expanding global cryptocurrency
and blockchain sectors.
These passive, rules-based, transparent indexes cover the full
breadth of cryptocurrency and blockchain technology, and are
primarily comprised of Cryptocurrency Miners, Cryptocurrency
Infrastructure Technologies, Cryptocurrency Buyers, and Blockchain
Users.1 The indexes are rebalanced monthly and equally
weighted to create a truly diversified portfolio to represent the
ecosystem.
1
|
Blockchain user
component is relevant only for The Alerian Galaxy Global Blockchain
Index family
|
The Alerian Galaxy Global Blockchain Index family
includes:
- The Alerian Galaxy Global Blockchain Equity Index (BLKCHN)
- The Alerian Galaxy Global Blockchain Equity and Futures Index
(BLKCNF)
- The Alerian Galaxy Global Blockchain Equity, Trusts & ETPs
Index (BLKCNP)
- The Alerian Galaxy Global Blockchain Index (BCHAIN)
The Alerian Galaxy Global Cryptocurrency-Focused Blockchain
Index family includes:
- The Alerian Galaxy Global Cryptocurrency-Focused Blockchain
Equity Index (CRYPTE)
- The Alerian Galaxy Global Cryptocurrency-Focused Blockchain
Equity and Futures Index (CRYPTF)
- The Alerian Galaxy Global Cryptocurrency-Focused Blockchain
Equity, Trusts & ETPs Index (CRYPTP)
- The Alerian Galaxy Global Cryptocurrency-Focused Blockchain
Index (CRYPTO)
"Index-based investing is continuously evolving and expanding
into new asset classes and exposures to support the ever-growing
demand from investors," noted Robert
Hughes, Chief Commercial Officer of Alerian and S-Network
Global Indexes. "Galaxy Fund Management was a natural partner as we
sought to enter the decentralized finance space given Galaxy
Digital's industry leading history, deep connectivity, and
unparalleled innovation delivering this new asset class to
investors."
Galaxy Digital has $1.6B in assets
under management as of July 31, 2021
and is rapidly expanding its capabilities to provide
institutional-grade exposure to every investable corner of the
crypto and blockchain ecosystems.
"Our goal is to continue to empower investors with seamless,
institutional, and innovative access points to the emerging digital
assets ecosystem," said Steve Kurz,
Partner and Head of Asset Management at Galaxy Digital "For the
first time, thanks to the indexes we developed in partnership with
Alerian, advisors have access to the entire ecosystem, including
operating companies and crypto products traded on the open
market."
"Alerian and S-Network Global Indexes are leaders with a
demonstrated ability to pioneer complex indexes to adapt to an
ever-changing market and meet growing investor demand," added
Paul Cappelli, Portfolio Manager at
Galaxy Fund Management. "We are thrilled to partner and bring
complex solutions to market in the cryptocurrency and blockchain
space, unlocking this new digital asset class for investors."
To learn more about the family of Alerian Galaxy Global
Blockchain Indexes and Alerian Galaxy Global Cryptocurrency-Focused
Blockchain Indexes, visit the Alerian and S-Network website, or
Galaxy Fund Management. To learn more about Galaxy Digital visit
www.galaxydigital.io.
About Alerian and S-Network Global Indexes
Alerian is
a leading independent index provider focused on building
innovative, index-based investment strategies. Alerian acquired
S-Network Global Indexes in 2020, expanding the firm's index
offerings and services to partners. Combined, the firm serves the
global investment community through indexing, benchmarking, and
calculation services. Built on a foundation of data rigor and
specialty research, Alerian and S-Network Global Indexes offer a
comprehensive family of energy, income, and thematic indexes.
Today, the firm has over $23 billion
in total assets benchmarked to its indexes and over 200 customers
worldwide.
Alerian and S-Network Media Contact: Chip Bergstrom, chip@buttonwoodpr.com
About Galaxy Digital
Galaxy Digital is a diversified
financial services and investment management company in the digital
asset, cryptocurrency, and blockchain technology sectors. Galaxy
Digital's team has extensive experience spanning investing,
portfolio management, capital markets, venture capital, asset
management, and blockchain technology. Galaxy Digital operates in
the following businesses: Trading, Asset Management, Principal
Investments, Investment Banking, and Mining. Galaxy Digital's CEO
and Founder is Mike Novogratz. The
Company is headquartered in New York
City, with offices in Chicago, San
Francisco, London,
Amsterdam, Tokyo, Hong
Kong, the Cayman Islands
(registered office), and New
Jersey.
Disclaimers
The TSX has neither approved nor disapproved the contents of
this press release.
This press release is not an offer to buy or sell, nor is it a
solicitation of an offer to buy or sell, interests in the Fund or
any advisory services or any other security or to participate in
any advisory services or trading strategy.
Caution About Forward-Looking Statements
This press release includes certain "forward-looking
information" and "forward-looking statements" (collectively
"forward-looking statements") within the meaning of applicable
Canadian and United States
securities legislation including the United States Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical or current fact, included herein, are
forward-looking statements. Forward-looking statements are
frequently, but not always, identified by words such as "expects",
"anticipates", "believes", "intends", "estimates", "potential",
"possible", and similar expressions, or statements that events,
conditions, or results "will", "may", "could", or "should" occur or
be achieved. Forward-looking statements in this press release
relate to, among other things, the forecast for the blockchain
industry and industry trends. There can be no assurance that such
statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such
statements. Forward-looking statements reflect the beliefs,
opinions, and projections on the date the statements are made and
are based upon a number of assumptions and estimates that, while
considered reasonable by the Company, are inherently subject to
significant business, economic, competitive, political and social
uncertainties and contingencies. The assumptions used in the
preparation of such statements, although considered reasonable at
the time of preparation, may prove to be imprecise. Many factors,
both known and unknown, could cause actual results, performance, or
achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied
by such forward-looking statements and the parties have made
assumptions and estimates based on or related to many of these
factors. Such factors include, without limitation, the risks
identified in the Company's annual information form dated
March 29, 2021 and available on SEDAR
at www.sedar.com . Readers should not place undue reliance on the
forward-looking statements and information contained in this
release. The Company does not assume any obligation to update the
forward-looking statements of beliefs, opinions, projections, or
other factors, should they change, except as required by law.
SOURCE Galaxy Digital Holdings Ltd.