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Galaxy Digital Acquires $1 Billion in Ethereum Assets from CryptoManufaktur to Expand Staking Portfolio

Jul 19, 2024, 12:05 PM

Galaxy Digital has acquired approximately $1 billion worth of Ethereum assets from blockchain node operator CryptoManufaktur. The acquisition is aimed at expanding Galaxy's staking portfolio and includes nearly all of CryptoManufaktur's Ethereum assets. This strategic move comes as Galaxy prepares for the launch of an Ethereum ETF. The acquisition also brings top-tier staking infrastructure talent to Galaxy, enhancing its capabilities in the crypto space, according to CoinDesk.