State Street and Galaxy team up to offer crypto-based fund with exposure to companies and ETFs

State Street Global Advisors and Galaxy Asset Management are collaborating to create a crypto-based fund called the SSGA Active Trust. The fund will invest in crypto companies as well as spot and futures-based exchange-traded funds (ETFs). Galaxy will manage the day-to-day investments of the fund while State Street will provide administrative and accounting services. The companies aim to provide investors with access to the $2.4 trillion digital asset ecosystem through manager-directed strategies. This partnership highlights the growing popularity of crypto as an asset class.