Tuesday, October 7, 2025

Latest

Galaxy Digital Launches Fund Tied To Bloomberg Galaxy Solana Index

Galaxy Digital Holdings Ltd. (TSX: GLXY) announced today the launch of Galaxy Solana Funds. The fund is set to track the performance of the recently launched Bloomberg Galaxy Solana Index.

The index was launched in November 2021 by Bloomberg Index Services Limited and co-branded with the company’s funds platform Galaxy Fund Management. This benchmark tracks the price of crypto asset Solana which currently “ranks the fifth-largest digital asset by market capitalization at US$48 billion,” according to the investment firm.

This is the fifth index issued by Galaxy and Bloomberg after Bloomberg Galaxy Crypto Index, Bitcoin Index, Ethereum Index, and Defi Index–making Solana the third cryptocurrency with a sole price tracker. The index is accessible via Bloomberg Terminal under the symbol “SOL”.

Claimed as the “world’s fastest programmable blockchain”, Solana can handle up to 50,000 transactions per second. Galaxy Solana Funds is meant “to provide institutional investors access to returns based on the performance of Solana.”

Galaxy Digital Holdings Ltd. last traded at $22.55 on the TSX.


Information for this briefing was found via Sedar and Galaxy Digital. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Galaxy Digital: BMO Cuts Price Target To $14 After BitGo Purchase Falls Apart

Galaxy Digital (TSX: GLXY) yesterday announced that it would be terminating its acquisition of BitGo...

Tuesday, August 16, 2022, 12:26:49 PM

Bitfarms Receives $100 Million Credit Facility From Galaxy Digital

Bitfarms Ltd (TSXV: BITF) is looking to expand its operations in a hurry through non-dilutive...

Friday, December 31, 2021, 08:09:56 AM

Galaxy Digital: BMO Anticipates Contagion From FTX To Impact Firm

As crypto is facing its own Leman Brothers’ moment, with the third largest exchange stopping...

Sunday, November 13, 2022, 05:27:00 PM

Galaxy Digital: BMO Reiterates $44.00 Price Target After Fireside Chat

On December 17th, BMO Capital Markets hosted a fireside chat with Michael Novogratz and Chris...

Tuesday, December 28, 2021, 03:01:00 PM

Galaxy Digital Sees Assets Under Management Jump 23.5% In July

Galaxy Digital (TSX: GLXY) has seen a strong rebound in total assets under management. The...

Monday, August 8, 2022, 09:21:10 AM