Michael Novogratz, founder and CEO of Galaxy Digital (OTCPK:BRPHF), said Thursday that cryptocurrencies have "gone over the tipping point" in terms of public acceptance, part of the reason the company has teamed with Invesco (NYSE:IVZ) to create crypto ETFs. In an interview with CNBC, Novogratz argued that the increased institutional acceptance has led to an influx of funds from money managers looking to add crypto to their portfolios. "The amount of energy in our space is crazy right now," he said, noting that institutional demand has helped drive Bitcoin (BTC-USD) from levels below $42,000 back to near the $54,000 mark in less than two weeks. "It's mostly just new participants and enthusiasm for the space," Novogratz added. Novogratz's comments came as Galaxy Digital (OTCPK:BRPHF) confirmed reports from late last month that it will team with Invesco (IVZ) to create crypto-related ETFs. Describing the current dynamics in the crypto market, the
