Share this article
Galaxy Digital to Introduce Exchange-Traded Products in Europe in 'Matter of Weeks'
Galaxy Digital teamed up with asset manager DWS last April to develop ETPs designed to give Europeans access to digital-asset investment through traditional brokerage accounts.
Updated Mar 19, 2024, 11:37 a.m. Published Mar 19, 2024, 11:35 a.m.
- Galaxy Digital will soon introduce crypto exchange-traded products (ETPs).
- The company teamed up with DWS a year ago to develop products for European investors.
LONDON - Galaxy Digital (GLXY), the digital asset financial services firm headed by Michael Novogratz, will introduce crypto exchange-traded products (ETPs) in Europe "in a matter of weeks," the CEO of its European operations said.
Galaxy Digital teamed up with asset manager DWS last April to develop ETPs designed to give Europeans access to digital-asset investment through traditional brokerage accounts.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"We partnered with DWS and will, in a matter of weeks, be launching new ETPs in Europe," Leon Marshall said on a panel at Blockworks' Digital Asset Summit 2024 in London on Tuesday.
ETPs are an umbrella term for investment products listed on exchanges that also incorporate exchange-traded funds (ETFs). The other variety of ETP is an exchange-traded note (ETN), which the U.K's Financial Conduct Authority (FCA) last week opened the door to approving in the future, albeit only to institutional investors.
While the U.S.' first spot bitcoin ETFs were listed in January, similar products have existed in Europe for several years under the ETP designation.
Galaxy partnered with Invesco (IVZ) to list a spot bitcoin ETF (BTCO) in the U.S., one of the nine listed in January.
Read More: Grayscale CEO Believes Bitcoin ETF Fees Will Drop Over Time: CNBC
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Barclays Sees ‘Down-Year’ for Crypto in 2026 Without Big Catalysts
Spot trading volumes are cooling, and investor enthusiasm is fading amid a lack of structural growth drivers, analysts wrote in a new report.
What to know:
- Barclays forecasts lower crypto trading volumes in 2026, with no clear catalysts to revive market activity.
- Spot market slowdowns pose revenue challenges for retail-focused platforms like Coinbase and Robinhood, the bank said.
- Regulatory clarity, including pending market structure legislation, could shape long-term market growth despite near-term headwinds.
Top Stories
