{"id":19634,"date":"2025-05-01T04:04:36","date_gmt":"2025-05-01T04:04:36","guid":{"rendered":"https:\/\/gold.creditcard\/galaxy-digital-plans-nasdaq-listing-as-crypto-stocks-post-strong-rebound\/"},"modified":"2025-05-01T04:04:36","modified_gmt":"2025-05-01T04:04:36","slug":"galaxy-digital-plans-nasdaq-listing-as-crypto-stocks-post-strong-rebound","status":"publish","type":"post","link":"https:\/\/gold.creditcard\/es\/galaxy-digital-plans-nasdaq-listing-as-crypto-stocks-post-strong-rebound\/","title":{"rendered":"Galaxy Digital plans Nasdaq listing as crypto stocks post strong rebound"},"content":{"rendered":"

Key takeaways:<\/strong><\/p>\n

Galaxy Digital plans to begin trading on the Nasdaq on May 16, pending shareholder and Nasdaq approval.<\/p>\n

Nasdaq-listed crypto firms posted strong gains in April after a period of macroeconomic uncertainty.<\/p>\n

Galaxy CEO Mike Novogratz says the listing will broaden the company\u2019s investor base and US presence.<\/p>\n

The Toronto Stock Exchange (TSX) listed crypto investment firm Galaxy Digital is set to move to the US-based Nasdaq on May 16, pending stakeholder approval at its upcoming shareholders meeting.<\/p>\n

Galaxy\u2019s planned move comes as several Nasdaq-listed crypto firms saw substantial gains in April, following a turbulent few months of macroeconomic uncertainty.<\/p>\n

Galaxy founder and CEO Mike Novogratz said<\/a> on April 30 that the listing would be a milestone \u201cthat would position us to advance our vision of building a gateway for investors to safely and efficiently access every corner of the digital asset and artificial intelligence ecosystems.\u201d<\/p>\n

Nasdaq listing will widen Galaxy\u2019s investor base<\/h2>\n

A special Galaxy shareholders’ meeting is scheduled for May 9 to seek final approval for the move, with Nasdaq also needing to offer its approval before listing the crypto firm.<\/p>\n

The company plans to use the ticker symbol GLXY on the Nasdaq, and if it goes ahead with the listing, will enter a transition period during which it will continue to trade on the TSX, on which it first listed in July 2020.<\/p>\n

Galaxy is down 12.28% on the TSX so far this year amid a broader market downturn, according<\/a> to Google Finance data.<\/p>\n

GLXY is own 12.28% since Jan. 1 on the Toronto Stock Exchange. Source: <\/em>Google Finance<\/em><\/a><\/p>\n

Meanwhile, the Nasdaq 100 is down 7.33% so far in 2025, according<\/a> to TradingView data. However, it held steady in April, with some commentators downplaying the recent bearish sentiment.<\/p>\n

Novogratz is widely known as a pro-crypto advocate and Bitcoin (BTC<\/a>) bull. It was reported on April 17 that Galaxy Ventures Fund I LP is expected<\/a> to raise around $175 million to $180 million by the end of June to build a portfolio of 30 crypto and blockchain startups.<\/p>\n

Crypto entrepreneur Anthony Pompliano said<\/a> in an April 30 X post that \u201cthe Nasdaq 100 ended April up more than 1%, and people are still talking about the Great Depression.\u201d\u00a0<\/p>\n

\u201cInsane,\u201d Pompliano added.<\/p>\n

Related:<\/strong><\/em> Bitcoin \u2018aging\u2019 chart projects sixfold BTC price rally above $350K<\/strong><\/em><\/a><\/p>\n

Several crypto-related firms listed on the Nasdaq have posted gains over the past month, following broader market turbulence due to macroeconomic uncertainty stemming from Trump\u2019s tariffs.<\/p>\n

Crypto exchange Coinbase (COIN) is up 17.80%, Michael Saylor\u2019s Strategy (MSTR) is up 31.86%, and Bitcoin mining firm CleanSpark (CLSK) is up 21.58%, according<\/a> to Google Finance data.<\/p>\n

Magazine: <\/strong><\/em>TV hit Peaky Blinders to launch crypto game, FIFA Rivals on Polkadot: Web3 Gamer<\/strong><\/em><\/a><\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>","protected":false},"excerpt":{"rendered":"

Key takeaways: Galaxy Digital plans to begin trading on the Nasdaq on May 16, pending shareholder and Nasdaq approval. Nasdaq-listed crypto firms posted strong gains in April after a period of macroeconomic uncertainty. Galaxy CEO Mike Novogratz says the listing will broaden the company\u2019s investor base and US presence. The Toronto Stock Exchange (TSX) listed […]<\/p>","protected":false},"author":0,"featured_media":19635,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"class_list":["post-19634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-finance"],"_links":{"self":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/19634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/comments?post=19634"}],"version-history":[{"count":0,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/19634\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media\/19635"}],"wp:attachment":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media?parent=19634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/categories?post=19634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/tags?post=19634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}