BlackRock Picks Galaxy Digital (GLXY) to Power Its New Staking ETF

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The cornerstone of Lewis’s statement is Galaxy’s existing colocation declaration with unreality computing supplier CoreWeave. Lewis noted that Galaxy values the declaration astatine astir $14 per share. That infrastructure presumption volition proceed to grow, noted Lewis, who pointed retired that Galaxy received support from Electric Reliability Council of Texas, oregon ERCOT, successful aboriginal Q1 2026 for an further 830 megawatts of gross capableness astatine its Helios information halfway field successful West Texas. The 830 megawatts of gross capableness is equivalent to 550 megawatts of IT capacity.

Lewis expects Galaxy to statesman signing caller colocation contracts for this further capableness aboriginal this year. He noted that the existent powerfulness volition go disposable successful 2028, meaning the gross from it is inactive a mates of years retired but the groundwork is already being laid.

Meanwhile, connected April 9, Galaxy announced that BlackRock had selected it arsenic 1 of 3 approved validators to powerfulness staking for the iShares Staked Ethereum Trust ETF (ETHB). The ETF is BlackRock’s first-ever rewards-generating crypto exchange-traded product, launched connected March 12, 2026.

Galaxy said that BlackRock has structured ETHB to clasp spot Ether and involvement betwixt 70% and 95% of those holdings done its approved validators. The staking rewards volition past beryllium distributed to investors arsenic monthly currency payouts, noted Galaxy.

Galaxy Digital Inc. (NASDAQ:GLXY) is simply a integer plus fiscal services and concern absorption firm. The institution provides organization entree to Ethereum via concern products, including spot Ethereum ETFs and funds that straight way ETH prices. Beyond concern products, Galaxy offers trading, custody, advisory, and tokenization services built astir Ethereum and different blockchain networks.

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