Galaxy Digital’s Trading Volume Surges 55.89% to Rank 231st in U.S. Market

On October 7, 2025, Galaxy Digital (GLXY) rose 1.91% to close trading, with a total volume of $0.49 billion—marking a 55.89% increase from the prior day’s activity. The stock ranked 231st in trading volume among U.S.-listed equities, indicating heightened short-term interest from investors.

Recent market-moving developments centered on Galaxy’s strategic positioning within the digital asset sector. Analysts noted that the firm’s exposure to blockchain infrastructure and institutional-grade crypto custody services has attracted renewed attention amid evolving regulatory frameworks. While no major earnings or partnership announcements were disclosed, technical indicators suggest increased inflows into the stock, driven by algorithmic trading strategies capitalizing on its volatility profile.

To set up an accurate back-test, several implementation parameters require clarification: 1. **Universe**: Should the selection include all U.S. common stocks and ADRs, or focus on Russell 3000 constituents? 2. **Ranking Basis**: Will stocks be ranked daily by dollar-volume (shares × close) for next-day trading, or executed at the same day’s close? 3. **Portfolio Construction**: Will the strategy equally weight top 500 volume names, or apply additional liquidity filters? 4. **Holding Period**: Is daily rebalancing mandated, with positions held for one trading day? 5. **Transaction Costs**: Should a 2 bps per-side estimate be applied, or will slippage be excluded? 6. **Benchmark**: Will performance be compared to SPY, an equal-weighted index, or left unbenchmarked? Once these details are confirmed, the back-test can proceed from January 3, 2022, through October 7, 2025.