State Street, Galaxy Launch Crypto-Linked ETFs as Outflows Build

State Street Global Advisors and Galaxy Asset Management are launching a trio of cryptocurrency-focused exchange-traded funds even as investors pull back from spot Bitcoin funds.

The SPDR Galaxy Digital Asset Ecosystem ETF (ticker DECO), the SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO) and the SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) begin trading on Tuesday, according to a statement.

State Street and Galaxy’s partnership is offering its first funds into a steady stream of outflows from US-listed spot Bitcoin ETFs, which recently posted their longest streak of withdrawals on record as risk sentiment wavers ...