Galaxy Digital Reports Decline in June AUM
Company Announcements

Galaxy Digital Reports Decline in June AUM

Story Highlights

Galaxy Digital Holdings (TSE:GLXY) has released an update.

Galaxy Digital Holdings Ltd. reported a significant drop in assets under management (AUM) for June 2024, with a 27% decrease from the previous month, totaling $4.6 billion. The reduction is attributed to a combination of actively liquidating assets as part of a strategic mandate, market depreciation, and partially mitigated by new investments into the company’s various funds.

For further insights into TSE:GLXY stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskGalaxy Digital’s New Fund Closes with $113 Million
TipRanks Canadian Auto-Generated NewsdeskGalaxy Digital and Invesco Unveil Ethereum ETF
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!