March 08, 2025
Microsoft's Bitcoin Stance vs. State Street's Crypto Ventures
Microsoft Corp.'s decision to avoid exploring Bitcoin investments has disappointed cryptocurrency enthusiasts who anticipated that the tech giant's involvement could boost demand for digital assets. Despite this, one of Microsoft's largest shareholders, State Street Corp., remains a prominent supporter of cryptocurrencies and blockchain technology.
State Street's Crypto Initiatives
A financial services giant, State Street, managed about $4.7 trillion in assets as of this writing, making it one of the world's biggest asset managers." The firm has expanded beyond traditional finance by launching ETFs with Galaxy Digital, including the SPDR Galaxy Digital Asset Ecosystem ETF, which targets companies poised to benefit from digital asset adoption.
- State Street projects that cryptocurrency ETF demand will surpass precious metal ETFs in North America by 2025.
Posted on March 08, 2025
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