Share this article
Galaxy Digital’s October AUM Grew More Than 40% to $3.1B
Galaxy’s roster of Canadian ETFs were the driving force behind the surge.
Updated May 11, 2023, 4:02 p.m. Published Nov 4, 2021, 9:31 a.m.
Galaxy Digital’s assets under management (AUM) grew to over $3.1 billion in October from $2.2 billion in September, with its ether-focused exchange-traded fund (ETF) cited as one of the main driving forces.
- The Mike Novogratz-led asset manager reported the preliminary AUM figure on Wednesday.
- Compared to the equivalent figure in 2020, the firm’s AUM has grown over 600% from $446.3 million at the end of October 2020.
- October’s performance can largely be attributed to Galaxy’s roster of Canadian ETFs, particularly its Toronto Stock Exchange-listed CI Galaxy Ethereum ETF (ETHX), the company’s global asset management head Steve Kurz said in an interview with Bloomberg.
- ETHX, which invests directly in the world’s second-largest cryptocurrency by market value, saw its price grow by over 28% in October, tracking a surge in the underlying asset’s value of over 40%.
- “From a market infrastructure and development of the asset class perspective, ether is picking up steam, probably the way bitcoin did a year and a half ago,” Kurz said.
Read more: Options Traders Bet Big Ether’s Turn for an ETF Is Coming Soon
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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
Crypto’s Machine Learning ‘iPhone Moment’ Comes Closer as AI Agents Trade the Market
Recall Labs, a firm that has run 20 or so AI trading arenas, pitted foundational large language models (LLMs) against customized trading agents.
What to know:
- Specially customized AI trading tools outperformed LLMs such as GPT-5, DeepSeek and Gemini Pro.
- Rather than simply using profit and loss to measure success, AI agents balance risk and reward when faced with a multitude of market conditions.
- As in TradFi, hedge funds and family offices with the resources to invest in the development of custom AI trading tools will be first to reap the rewards.
Top Stories
