HECO - State Street Galaxy Hedged Digital Asset Ecosystem ETF
The State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) seeks to provide long-term capital appreciation through the selection of companies that stand to benefit from the growing adoption of the blockchain and cryptocurrency industries, as well as cryptocurrency exposures through ETFs and futures, while seeking to manage overall volatility through the incorporation of an option overlay hedge strategy. Galaxy Digital Capital Management (Galaxy) will use its deep understanding of the digital asset ecosystem and expertise in blockchain technology to actively manage the portfolio. HECO is an actively managed solution from a leader in the digital asset economy that enables investors to pursue potential growth from further adoption of digital assets and that incorporates a hedging strategy to help manage downside risks.
- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Market Cap
- $86.1M
- Beta
- 3.03
- 52-Week Range
- 27.72-64
- IPO Date
- Sep 10, 2024
- Exchange
- NASDAQ
HECO Options Snapshot
Options pricing data for HECO is refreshed daily after the close. When listed contracts exist, this page surfaces the latest at-the-money implied volatility, max pain strike, dealer gamma exposure (GEX), and 25-delta skew. Listed contracts and live snapshots appear once the options chain has been published by the exchange for the most recent session.
What This Page Covers
The HECO overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked HECO overview questions
- What is HECO?
- HECO is the ticker symbol for State Street Galaxy Hedged Digital Asset Ecosystem ETF, an listed exchange-traded fund. The State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) seeks to provide long-term capital appreciation through the selection of companies that stand to benefit from the growing adoption of the blockchain and cryptocurrency industries, as well as cryptocurrency exposures through ETFs and futures, while seeking to manage overall volatility through the incorporation of an option overlay hedge strategy. Galaxy Digital Capital Management (Galaxy) will use its deep understanding of the digital asset ecosystem and expertise in blockchain technology to actively manage the portfolio. Listed on NASDAQ. HECO is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What are HECO's key statistics?
- State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) carries a market capitalization of $86.1M, 52-week range of 27.72-64. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does HECO belong to?
- State Street Galaxy Hedged Digital Asset Ecosystem ETF operates in the Financial Services sector, in the Asset Management - Cryptocurrency industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare HECO's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the HECO data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for HECO, it usually reflects low options liquidity or a recently listed name. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.