Galaxy Digital, a prominent Toronto Stock Exchange (TSX) listed crypto investment firm, is set to make a significant move to the US-based Nasdaq on May 16, subject to approval at an upcoming shareholders meeting. The decision to shift to Nasdaq comes on the heels of strong gains seen by several Nasdaq-listed crypto companies in April amid a period of economic uncertainty. Galaxy CEO Mike Novogratz views the listing as an opportunity to expand the firm’s investor base and strengthen its presence in the US market. The move is expected to be finalized pending approval at a special shareholders’ meeting scheduled for May 9. If successful, Galaxy plans to use the ticker symbol GLXY on Nasdaq while continuing to trade on TSX during a transition period. Despite a 12.28% decline on TSX this year, Galaxy aims to leverage the move to Nasdaq for growth opportunities. Meanwhile, the Nasdaq 100 has seen a 7.33% decrease in 2025 but remained stable in April. Novogratz, a well-known pro-crypto advocate and Bitcoin bull, has been instrumental in Galaxy’s strategic decisions. The firm’s Ventures Fund I LP is anticipated to raise substantial funds to invest in crypto and blockchain startups. Other Nasdaq-listed crypto-related companies like Coinbase (COIN), MicroStrategy (MSTR), and CleanSpark (CLSK) have also experienced positive growth recently. This move by Galaxy Digital reflects the evolving landscape of the crypto market and the growing interest from investors.