Focus on the Growth of the Web3 Industry: Introduction of "Three Cryptocurrency ETFs"

The American financial giant State Street Global Advisors and Galaxy Asset Management have launched three new cryptocurrency-related ETFs (Exchange-Traded Funds).

These new ETFs aim to capitalize on the growth of the Web3 sector and are branded under the name SPDR Galaxy.

The three newly launched cryptocurrency ETFs are:

• SPDR Galaxy Digital Asset Ecosystem ETF (DECO)
• SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO)
• SPDR Galaxy Transformative Tech Accelerators ETF (TEKX)

These ETFs are designed to harness the growth of the Web3 industry, with a portfolio that includes a mix of stocks, physical cryptocurrencies, ETFs, and futures.

DECO and HECO invest in companies that stand to benefit from the growth of the cryptocurrency, blockchain, and Web3 sectors.

In addition to investing in individual companies, these ETFs also invest in cryptocurrency ETFs and futures, broadening their exposure to the market.

On the other hand, TEKX focuses specifically on cutting-edge technologies, including blockchain and artificial intelligence (AI), making it a forward-looking ETF for those interested in innovative tech sectors.

According to the detailed description of DECO on the State Street Global Advisors (SSGA) website, DECO's portfolio is made up of a broad range of assets, including stocks of cryptocurrency-related companies such as mining firms and other cryptocurrency ETFs.

This diversified structure allows investors to gain exposure to various segments of the cryptocurrency industry.

In the past, cryptocurrency-related investments were primarily focused on "direct investments in anonymous digital currencies." However, in recent years, the scope of investment has expanded significantly.

Today, investors can access a much broader range of opportunities, including mining companies, cryptocurrency ETFs, and stocks of cryptocurrency-related firms.