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Galaxy and Invesco establish partnership to develop US crypto ETFs

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Galaxy Digital Holdings, a financial services innovator in the digital asset, cryptocurrency, and blockchain technology sectors, and Invesco, the global asset management firm, have announced a strategic partnership to develop a comprehensive suite of US-listed, physically backed, digital asset ETFs.

The firm writes that this alliance of market-leading capabilities will offer investors an unprecedented combination of solutions and information that give structure to the complex and fast-moving digital assets space.

“Invesco has a long history of using ETFs to democratise investor access to disruptive, innovative asset classes. Now, through our partnership with market leader Galaxy Digital, we are able to incorporate their expertise of blockchain technology, digital assets and cryptocurrency into our product capabilities,” says John Hoffman, Head of Americas, ETFs & Indexed Strategies at Invesco. “This combination of complementary strengths will help clients safely and prudently navigate this exciting new asset class to help meet their desired investment outcomes.” 

“Galaxy Digital is laser-focused on helping investors safely and efficiently access this burgeoning asset class,” adds Steve Kurz, Head of Asset Management at Galaxy Digital. “Our partnership with Invesco, a longstanding ETF innovator, will bring the same thoughtful approach to educating investors about digital assets as Invesco has brought to the ETF industry itself.”

In the last three years, Invesco ETFs & Indexed Strategies has more than doubled its assets under management to USD471 billion globally by both launching new ETFs and, it writes, elevating existing products that help solve specific client needs.  

Galaxy Digital has USD2.1 billion in AUM. Its asset management business is rapidly expanding its capabilities to provide institutional-grade exposure to every investable corner of the crypto and blockchain ecosystems. As a first mover and leader in digital asset and blockchain funds, the asset management team combines extensive experience at both top-tier financial institutions and within the digital asset sector, working closely with bank platforms, institutional investors, and asset managers across distribution, client service, operations, and portfolio management.

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