Galaxy Digital Launches $100M Crypto and FinTech Hedge Fund: New Investment Strategy

Financial services firm Galaxy Digital, founded by Mike Novogratz, is initiating a new hedge fund with a target of $100 million, according to a report by the Financial Times. The fund will strategically invest in both cryptocurrency and financial technology (fintech) companies. This move highlights institutional confidence in the convergence of digital assets and innovative financial services. The fund aims to capitalize on growth opportunities by taking long and short positions in public and private equity markets within these sectors. Galaxy Digital's expansion into dedicated fund management signals a maturing approach to the digital asset ecosystem, seeking diversified exposure beyond direct cryptocurrency holdings like Bitcoin (BTC) and Ethereum (ETH).