"As a result, strong performance has followed into the current quarter as spot prices, volumes and volatility remain elevated in Q1/24, while the ETF launch approvals help open the door to new pools of capital," wrote analyst Bill Papanastasiou.
Galaxy is expected to perform strongly for the full year 2024, given improved crypto market sentiment following the Securities and Exchange Commission's (SEC) of spot bitcoin ETFs as well as several other tailwinds, the report added.
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