State Street and Galaxy join forces to enter the cryptocurrency ETF market

Bloomberg ETF analyst Eric Balchunas recently posted a statistical report, listing some ETFs in the table below that accomplished nearly impossible tasks – outperforming the S&P 500 index with almost no investment in NVIDIA (code: NVDA) from January 2023 to June 25, 2024. Many of these ETFs are focused on investing in cryptocurrency themes, and their issuers include asset management companies that have also launched Bitcoin spot ETFs, such as VanEck, Invesco, Bitwise, Fidelity, and Grayscale.