Cryptocurrencies
Novogratz’s Galaxy Assets Surge as Canadian Ether ETF Booms
- Asset management firm entered 2021 with less than $1 billion
- Hefty demand for Ether helped propel assets in October
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Crypto billionaire Michael Novogratz’s Galaxy Digital Holdings Ltd. saw its biggest cash influx ever last month as Bitcoin and Ether marched to all-time highs.
Galaxy controlled $3.2 billion at the end of October, a 45% jump from September, according to global asset management head Steve Kurz. The firm entered 2021 with less than $1 billion under management.