Galaxy Digital Launches $100 Million Hedge Fund Targeting Crypto Volatility
Galaxy Digital, led by Mike Novogratz, is preparing to launch a $100 million hedge fund in Q1 to capitalize on cryptocurrency market volatility and fintech disruption. The fund will employ long-short strategies across crypto assets (30% allocation) and traditional financial equities undergoing blockchain-driven transformation.
The MOVE comes amid heightened turbulence in digital asset markets and regulatory shifts reshaping financial services. Family offices, high-net-worth individuals, and institutional investors are expected to anchor the fund, which aims to profit from both upward and downward price movements.