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Galaxy is planning to launch a $100 million hedge fund designed to profit from cryptocurrency price fluctuations.

2026.01.21 13:09:42

January 21st — According to the Financial Times, Mike Novogratz’s crypto firm Galaxy plans to launch a $100 million hedge fund in the first quarter of this year. The fund has already secured $100 million in investments from family offices, high-net-worth individuals, and large institutions, with a focus on profiting from digital asset price volatility. Up to 30% of the fund’s assets will go to crypto tokens, while the remainder will be invested in financial services stocks tied to digital asset technology and regulation. Galaxy will contribute seed capital to the fund, and the firm currently manages $17 billion in digital assets. Joe Armao, the hedge fund’s manager, noted the fund can generate returns by identifying disruptors in the financial services sector and separating strong companies from weak ones.
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