Ah, the ever-ambitious Mike Novogratz and his Galaxy Digital, darling of the digital asset world, have decided to toss their hat into the hedge fund ring with a rather fetching $100 million concoction. This delightful little pot is set to sprinkle a pinch of crypto-up to 30%, mind you-while the rest is lavished on those ever-so-serious financial services stocks.
- The $100 million hedge fund is expected to launch in the first quarter of 2026, because why rush perfection?
- Up to 30% will be allocated towards crypto tokens, because nothing screams excitement like a volatile asset class. The remaining capital will be invested in financial services stocks, because balance is everything.
According to a Jan. 21 report by the Financial Times, this glittering new fund will make its grand debut in the first quarter of 2026. No exact date, of course-because when dealing with such sums, one must keep an air of mystery.
Galaxy remains bullish on crypto
Yes, despite Bitcoin’s recent unfortunate 28% tumble from its October 2025 peak, Galaxy Digital remains unshaken in its optimism for Bitcoin, ETH, Solana, and the rest of the gang. Joe Armao, the fund’s head, was positively brimming with confidence, though he coyly refrained from naming specific crypto tokens. Instead, he spoke of identifying “winning and losing companies,” because, dear reader, isn’t that the thrill of the game?
Galaxy Digital will generously seed the fund, though the exact amount remains a closely guarded secret-because who doesn’t love a bit of suspense?
Sources whispered to the FT that the fund has already charmed a mix of family offices, high-net-worth individuals, and a smattering of larger institutions. More commitments are expected before the launch, because who wouldn’t want a piece of this pie?
Founded in 2018 by the illustrious Mike Novogratz, Galaxy Digital has grown into a veritable titan of the digital asset sector, managing over $17 billion in digital assets. The firm has backed numerous high-profile crypto startups, including Polygon and Fireblocks, through its venture capital arm.
Last year, Galaxy Ventures Fund I LP raised a tidy $175 million to $180 million, earmarked for early-stage companies building infrastructure and financial tools for the crypto economy.
And just in October, Galaxy Digital unveiled GalaxyOne, a financial application allowing U.S. investors to trade cryptocurrencies, access equities, and earn yields on both digital and traditional assets. Because why limit oneself to just one playground?
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2026-01-21 11:40