Galaxy Digital is potentially going long on BTC and ETH on Aave and Compound.
According to BlockBeats news on October 28th, as monitored by Lookonchain, Galaxy Digital deposited a total of 4,168 WBTC (approximately $142 million) and 16,000 ETH (approximately $28.6 million) into Aave and Compound, and then borrowed 71.6 million USDT and 21.9 million USDC. It appears that they are bullish on BTC and ETH.