Galaxy Digital Shares Rise on Launch of Bitcoin ETF
By Adriano Marchese
Galaxy Digital Holdings shares were higher Thursday morning after the company said it has launched a bitcoin-focused exchange-traded fund with ETF-provider Invesco.
At 10:07 a.m. ET, shares were trading 6% higher at 11.62 Canadian dollars ($8.68).
The digital-assets and blockchain company in partnership with Invesco has launched the Invesco Galaxy Bitcoin ETF on the Cboe BZX Exchange.
On Wednesday, the U.S. Securities and Exchange Commission voted to allow mainstream investors to buy and sell bitcoin as easily as stocks and mutual funds.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
January 11, 2024 10:27 ET (15:27 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
How to Measure a Stock’s Uncertainty
-
How to Determine Whether a Stock Is Cheap, Expensive, or Fairly Valued
-
Why a Company’s Management and Capital Allocation Matter
-
How to Determine What a Stock Is Worth
-
How to Measure a Company’s Competitive Advantage
-
How to Think Like a Stock Analyst
-
How GLP-1 Drugs Like Ozempic Are Boosting Biopharma Stocks