Galaxy Digital’s October AUM Grew More Than 40% to $3.1B

Posted on by American Coins & Gold

Galaxy Digital’s October AUM Grew More Than 40% to .1B
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,…