According to @ai_9684xtpa, Galaxy Digital reported a net profit of $30.7 million in Q2, a significant turnaround from the previous quarter's $295 million loss. The report highlights improved market performance and increased OTC activity involving large Bitcoin (BTC) holders and Ethereum (ETH) strategies. These financial results indicate a stronger outlook for digital asset trading, particularly for BTC and ETH, with Q3 projections expected to be positive if current trends persist (source: @ai_9684xtpa).

According to the interviewee, digital assets like bitcoin (BTC) provide a superior risk-reward ratio, exceeding three times that of the S&P 500, making them a strong standalone asset class for portfolio diversification. Public blockchains ensure real-time transparency and trustlessness, reducing counterparty risks, while DeFi innovations eliminate intermediaries like banks, improving capital efficiencies. Infrastructure enhancements such as MPC technology and multi-sig wallets have bolstered security and usability. Obstacles include recency bias from events like FTX's collapse and confirmation bias, but traditional finance faces similar counterparty risks as seen with institutions like JP Morgan. For alpha generation in volatile markets, strategies include dollar cost averaging on assets like ETH, setting specific trading plans, and trend investing based on adoption curves, monthly data points, and technological progression. A mentioned institutional fund utilizes quantitative signals for crypto investments (source: interview).