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

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.

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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.

While we acknowledge the risk and potential of GLXY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GLXY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Defense Stocks That Will Skyrocket and Top 10 Utility Stocks to Buy Now.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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