Galaxy Digital Surges 2.01% on $260M Volume Ranking 426th in U.S. Equities as Crypto Sector Gains Regulatory Clarity

On October 9, 2025, , ranking 426th among U.S. equities. The stock’s performance reflects renewed investor confidence in digital asset infrastructure providers following recent regulatory developments in the cryptocurrency sector.

Analysts noted that market participants are recalibrating positions ahead of the ’s policy meeting in mid-October. Galaxy’s trading activity aligns with broader sector momentum, as institutional adoption of gains regulatory clarity. However, market depth remains constrained, with the stock’s volume concentration indicating limited institutional participation compared to top-tier technology names.

To run this back-test rigorously I need a few clarifications: 1. Stock universe • Should the “top-500” be chosen from all U.S. common stocks, from the S&P 500 constituents, or from another universe? 2. Weighting & rebalancing • Equal-weight each of the 500 names every day, or weight by (say) trading-volume share? 3. Execution price & cost assumptions • Buy at today’s close and sell at tomorrow’s close? • Any commission or slippage assumptions to include? 4. Multi-asset support • Our back-testing engine can process one ticker at a time. To evaluate a 500-stock portfolio we synthesize an equal-weight index of the selected names each day and feed that index’s return stream into the engine. Are you comfortable with that approach?

Once these points are settled I can fetch the daily volume data, build the index, .