Crypto Confidence Returns: Galaxy Digital To List On Nasdaq

Source Bitcoinist

Cryptocurrency investment firm Galaxy Digital intends to shift the listing of its shares from Canada to the US early next month. The company, established by Mike Novogratz, who is a known Bitcoin advocate, will migrate to the Nasdaq from the Toronto Stock Exchange on May 16, subject to approval by the shareholders at a meeting to come.

Shareholders To Vote On US Market Move

As per reports, Galaxy Digital has called a special meeting of its shareholders for May 9 to secure final approval for the change in listing. The firm will not be exiting the Toronto market in which it listed in July 2020 right away. Rather, it will continue to trade on both exchanges during a transition phase. When the relocation occurs, the firm aims to go by the ticker symbol GLXY on Nasdaq.

Novogratz outlined the potential listing as a key move for the company on April 30. He explained that the Nasdaq listing would position the company to advance its vision of building a “gateway for investors” to safely and efficiently access every corner of the digital asset and artificial intelligence ecosystems.

The intended relocation is happening at a tough time for Galaxy Digital’s stock performance. According to Google Finance data, shares in the company have fallen 12% on the Toronto Stock Exchange since January 2025. The decline reflects wider market difficulties experienced over recent months.

The Nasdaq 100 index itself has declined 7.30% year-to-date, based on TradingView data. But April did provide a bit of stability for markets, with the index finishing the month up over 1%. Some investors believe recent negative sentiment regarding the economy could be excessive.

Other Crypto Stocks Show Recent Gains

As Galaxy Digital gears up for its listing, various crypto-focused companies already listed on Nasdaq have witnessed their shares increase in April. This follows months of doubt partly triggered by economic worries surrounding tariffs introduced by US President Donald Trump.

Cryptocurrency exchange Coinbase (COIN) enjoyed a 17% increase in stock. Michael Saylor’s company, Strategy (MSTR), was even better off, posting a nearly 32% rise. Bitcoin mining firm CleanSpark (CLSK) was also up with a 21% gain, Google Finance figures show.

The increases indicate that although there are hiccups in the overall market, there is still keen investor interest in cryptocurrency stocks.

Featured image from Gemini Imagen, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Forecast: XAU/USD retreats further from all-time highs of $3,245 Gold price is back in the red early Monday, snapping a three-day record rally to lifetime highs of $3,245 set on Friday.    
Author  FXStreet
4 Month 14 Day Mon
Gold price is back in the red early Monday, snapping a three-day record rally to lifetime highs of $3,245 set on Friday.    
placeholder
Bitcoin Continues To Flow Out Of Major Exchanges — Supply Squeeze Soon?It was quite the coincidence that the cryptocurrency market jolted back to life after Easter Sunday, with Bitcoin leading the way with more than a double-digit gain. While the price of BTC continues
Author  NewsBTC
4 Month 27 Day Sun
It was quite the coincidence that the cryptocurrency market jolted back to life after Easter Sunday, with Bitcoin leading the way with more than a double-digit gain. While the price of BTC continues
placeholder
Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into ViewEthereum, the second-largest cryptocurrency, has increased by 12.3% over the past seven days. Interestingly, Ethereum has held its ground firmly, supported by a clean uptrend that began after the
Author  NewsBTC
4 Month 27 Day Sun
Ethereum, the second-largest cryptocurrency, has increased by 12.3% over the past seven days. Interestingly, Ethereum has held its ground firmly, supported by a clean uptrend that began after the
placeholder
Silver Price Forecast: XAG/USD breaks below $33.00 as safe-haven demand weakensSilver price (XAG/USD) continues to lose ground for the second straight day, hovering around $32.80 per troy during Asian trading hours on Monday. The precious metal faces pressure as improving trade relations between the United States (US) and China diminish its safe-haven appeal.
Author  FXStreet
4 Month 28 Day Mon
Silver price (XAG/USD) continues to lose ground for the second straight day, hovering around $32.80 per troy during Asian trading hours on Monday. The precious metal faces pressure as improving trade relations between the United States (US) and China diminish its safe-haven appeal.
placeholder
Monero (XMR) Price Jumps 50% Amid ‘Suspicious’ $330 Million BTC Transfer – DetailsAn analyst has suggested that Monero (XMR) could repeat its 2021 cycle-high amid its recent price jump. However, a renowned on-chain sleuth has linked the surge to suspicious Bitcoin (BTC)
Author  NewsBTC
4 Month 29 Day Tue
An analyst has suggested that Monero (XMR) could repeat its 2021 cycle-high amid its recent price jump. However, a renowned on-chain sleuth has linked the surge to suspicious Bitcoin (BTC)
goTop
quote