Galaxy Digital is trading at $17.34, down 4.36% in after-hours trading following a weak risk-asset session.
- The Nasdaq Composite fell 2.55% and the S&P 500 fell 1.10%; Reuters cited concerns about AI spending and corporate earnings.
- Bitcoin (-1.90%) and Ethereum (-1.68%) fell since their prior closes, adding pressure on crypto-linked shares.
- Galaxy announced a proposed national trust bank charter application on October 29, but available coverage does not connect it to the after-hours decline.