State Street Global Advisors is introducing three new exchange-traded funds (ETFs) focused on digital assets and emerging technologies.
Managed by Galaxy Asset Management, the new ETFs include the SPDR Galaxy Digital Asset Ecosystem ETF (DECO), the SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO), and the SPDR Galaxy Transformative Tech Accelerators ETF (TEKX).
DECO aims to capture the growth from blockchain and digital assets, including cryptocurrencies, through ETFs and futures.
HECO offers similar exposure but adds volatility management with covered and protective put options. TEKX targets investments in companies driving disruptive technologies like blockchain and AI.
Anna Paglia, Chief Business Officer at State Street Global Advisors, highlighted the transformative potential of digital assets and blockchain technology for financial markets and the broader economy.
She noted that the new ETFs are designed to address investor concerns about cryptocurrency volatility by offering diversified, actively managed portfolios.
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