Galaxy Digital is set to launch its Nasdaq listing on May 16, pending the approval of its shareholders on May 9. The company, which has been publicly traded on the Toronto Stock Exchange since 2020, aims to expand its investor base with this move. CEO Mike Novogratz highlighted the importance of showcasing cash flows and balance sheets to attract financial professionals. Concurrently, Grayscale has introduced a new ETF that invests in companies embracing bitcoin as a treasury asset, with Galaxy shares representing a significant portion of its holdings. The ETF lists Strategy and Tesla as its top two investments, comprising approximately 27% and 17% of the fund. Meanwhile, a similar ETF launched by Bitwise in March has seen limited interest, currently holding $5 million in assets under management. The competition in this space reflects the evolving nature of crypto-related equity investments and interest from institutional players.

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