In brief
- Galaxy plans to launch a $100 million hedge fund in Q1 2026 with the ability to take long and short positions.
- The fund has secured commitments from family offices, high-net-worth investors, and institutions, with Galaxy making a seed investment of undisclosed size.
- Bitcoin is trading at $88,375, down 3.1% on the day and 7.1% over the past week, according to CoinGecko data.
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…
Jan 21 2026
