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
Top 3 gainers Bittensor, Akash Network, Saros: AI tokens steady amid wider market consolidation The broader cryptocurrency market is in a consolidation rut, with Bitcoin (BTC) holding above $94,000. However, select Artificial Intelligence (AI) tokens, including Bittensor, Akash Network and Saros, have remained steady in the last 24 hours.
Author  FXStreet
5 Month 06 Day Tue
The broader cryptocurrency market is in a consolidation rut, with Bitcoin (BTC) holding above $94,000. However, select Artificial Intelligence (AI) tokens, including Bittensor, Akash Network and Saros, have remained steady in the last 24 hours.
placeholder
Avalanche Price Forecast: AVAX eyes $30 as bullish momentum builds across key metricsAvalanche (AVAX) price shows signs of renewed bullish strength as it approaches a key resistance level at around $26.07 at the time of writing on Wednesday. Supported by positive on-chain metrics and a favorable technical outlook, the altcoin appears poised for further upside.
Author  FXStreet
5 Month 14 Day Wed
Avalanche (AVAX) price shows signs of renewed bullish strength as it approaches a key resistance level at around $26.07 at the time of writing on Wednesday. Supported by positive on-chain metrics and a favorable technical outlook, the altcoin appears poised for further upside.
placeholder
BNB Price Finds Its Footing — Can Bulls Ignite the Next Leg Up?BNB price is consolidating above the $640 support zone. The price is now showing positive signs and might aim for more gains in the near term. BNB price is attempting to recover from the $640 support
Author  FXStreet
5 Month 16 Day Fri
BNB price is consolidating above the $640 support zone. The price is now showing positive signs and might aim for more gains in the near term. BNB price is attempting to recover from the $640 support
placeholder
EUR/USD Price Forecast: Seems vulnerable below 1.1200, 200-period SMA on H4 holds the keyThe EUR/USD pair ticks higher at the start of a new week amid a softer US Dollar (USD), though it lacks bullish conviction and remains below the 1.1200 round figure through the Asian session.
Author  FXStreet
5 Month 19 Day Mon
The EUR/USD pair ticks higher at the start of a new week amid a softer US Dollar (USD), though it lacks bullish conviction and remains below the 1.1200 round figure through the Asian session.
placeholder
Solana (SOL) Aims Higher With Strong Buyer Support, Next Stop $200?Solana started a fresh increase from the $165 zone. SOL price is now gaining pace and might aim for more gains above the $180 zone. SOL price started a fresh increase above the $170 level against the
Author  NewsBTC
5 Month 22 Day Thu
Solana started a fresh increase from the $165 zone. SOL price is now gaining pace and might aim for more gains above the $180 zone. SOL price started a fresh increase above the $170 level against the
goTop
quote