AUM Galaxy Asset Management exceeded $10 billion
The volume of assets under management of the Galaxy Digital venture division exceeded $10 billion. Since the beginning of 2024, the shares of the parent company have increased by 28%.
The volume of assets under management (AUM) of Galaxy Asset Management has surpassed the $10 billion mark after an increase of 25% in February 2024.
Galaxy Asset Management’s AUM has hit a record $10 billion.
— Galaxy (@galaxyhq) March 18, 2024
Galaxy’s AUM grew nearly 25% in Feb. from January, underscoring the growing institutional interest in digital assets and the confidence investors place in GAM’s dependable and established expertise. GAM remains… pic.twitter.com/IDM0dmdbws
"This demonstrates the growing institutional interest in digital assets and consumer confidence in the reliable and reputable GAM experience. We continue to strive to achieve our goal of promoting responsible adoption of cryptocurrencies and blockchain," the publication says.
Galaxy Asset Management (GAM) is the venture capital arm of Galaxy Digital Holdings. CEO of the parent company Mike Novogratz commented on the news as follows:
"We are proud of our progress in providing investors with access to the growing digital economy."
Galaxy Digital is one of the providers of spot Bitcoin ETFs. The company also applied for registration of a similar fund based on Ethereum, but the regulator postponed the decision on this case.
In 2023, Galaxy Digital planned to enter the American stock market, but faced certain difficulties. Its shares are traded on the Toronto Stock Exchange (TSX).
Source: https://incrypted.com/aum-galaxy-asset-management-prevysyl-10-mlrd/
