Mike Novogratz’s Galaxy to Launch $100 Million Crypto Hedge Fund

• The fund is planned to begin operating in early 2026, with $100M already gathered.
• Up to 30% will be invested directly in cryptocurrencies like Bitcoin and Ethereum.
• The company handles around $17 billion in assets and provides a wide range of services.

The crypto-focused financial company Galaxy, founded by billionaire Mike Novogratz, has announced a new $100 million digital asset investment fund, set to begin operating in early 2026.

The fund has already gathered about $100 million from wealthy private investors, families, and investment firms. It will use a flexible strategy that aims to make money whether crypto prices go up or down by taking advantage of big price swings and market imbalances.

Up to 30% will be invested directly in cryptocurrencies like Bitcoin and Ethereum. About 70% will go into stocks of banks, financial companies, and fintech businesses…

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