Galaxy Digital Surges 3.71% on Sept 17 as $360M Volume Pushes It to 334th in U.S. Rankings Amid Crypto Infrastructure Shift

. 17, 2025, , ranking 334th among U.S. stocks. The move followed strategic updates and market dynamics specific to its core operations.

Analysts highlighted a shift in institutional investor activity toward , positioning Galaxy as a beneficiary of renewed sector confidence. Recent earnings reports underscored , which analysts say could bolster margins amid fluctuating market conditions. The stock’s performance also aligned with broader , though no direct correlation to broader indices was cited in the data.

To run this back-test rigorously I need to pin down a few practical details: 1. Exchange / listing universe • U.S.-listed common stocks (NYSE + NASDAQ + AMEX) – is that what you have in mind? • Or a different region / exchange set? 2. Weighting of the 500-stock basket each day • Equal-weight? • Volume-weight? • Dollar-neutral (long only, no shorts) – please confirm. 3. Execution & pricing convention • Enter at the next day’s open and exit at the same day’s close? • Or enter at today’s close and exit at tomorrow’s close? 4. Transaction costs or slippage assumptions (if any). 5. Benchmark for comparison (e.g., SPY, equal-weight universe, etc.). Once these are confirmed I can draw the data retrieval plan, run the back-test, and present the results.