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Mike Novogratz’s Galaxy to Launch $100M Crypto Hedge Fund as Bitcoin Tumbles
Yahoo Finance· 2026-01-21 20:37
Crypto entrepreneur and billionaire Mike Novogratz's firm Galaxy is launching a $100 million hedge fund in the first quarter of this year that will take both long and short positions, as Bitcoin tumbles from its October peak and trade tensions rattle crypto markets. The fund will invest up to 30% of its assets in crypto tokens, and the remainder in financial services stocks that Galaxy believes will be affected by changes in digital asset technologies and laws, according to a Financial Times report. The ...