Galaxy Digital Sets May 16 for US Nasdaq Listing as Grayscale Launches New Crypto Equity ETF

Galaxy Digital Holdings Ltd. has pinpointed May 16 as its target date for a long-awaited Nasdaq listing, marking a significant milestone for the crypto-focused financial services firm. The US Securities and Exchange Commission recently declared effective the company’s registration statement, though shareholders must still approve the move during a May 9 meeting.

Mike Novogratz, Galaxy’s founder and CEO, emphasized the strategic importance of the US listing, stating it will expand the company’s investor base. Galaxy shares will maintain their Toronto Stock Exchange listing temporarily post-Nasdaq debut, preserving access to Canadian capital markets.

In related developments, Grayscale Investments has launched a new crypto equity ETF, signaling continued institutional interest in cryptocurrency-adjacent investment vehicles. The dual developments underscore growing mainstream acceptance of digital asset exposure through traditional market instruments.