10 Best Ethereum Stocks to Buy Now

8. Galaxy Digital Inc. (NASDAQ:GLXY)

Stock Upside: 63.73%

Number of Hedge Fund Holders: 49

Galaxy Digital Inc. (NASDAQ:GLXY) is one of the best Ethereum stocks to buy now. On April 14, BTIG analyst Gregory Lewis reiterated a Buy rating and maintained a $50 price target on Galaxy Digital Inc. (NASDAQ:GLXY). The analyst cited Galaxy’s expanding artificial-intelligence infrastructure footprint and its growing digital asset business as the key influences for the call.

The cornerstone of Lewis’s argument is Galaxy’s existing colocation contract with cloud computing provider CoreWeave. Lewis noted that Galaxy values the contract at about $14 per share. That infrastructure position will continue to grow, noted Lewis, who pointed out that Galaxy received approval from Electric Reliability Council of Texas, or ERCOT, in early Q1 2026 for an additional 830 megawatts of gross capacity at its Helios data center campus in West Texas. The 830 megawatts of gross capacity is equivalent to 550 megawatts of IT capacity.

Lewis expects Galaxy to begin signing new colocation contracts for this additional capacity later this year. He noted that the actual power will become available in 2028, meaning the revenue from it is still a couple of years out but the groundwork is already being laid.

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

Galaxy said that BlackRock has structured ETHB to hold spot Ether and stake between 70% and 95% of those holdings through its approved validators. The staking rewards will then be distributed to investors as monthly cash payouts, noted Galaxy.

Galaxy Digital Inc. (NASDAQ:GLXY) is a digital asset financial services and investment management firm. The company provides institutional access to Ethereum via investment products, including spot Ethereum ETFs and funds that directly track ETH prices. Beyond investment products, Galaxy offers trading, custody, advisory, and tokenization services built around Ethereum and other blockchain networks.