Galaxy Digital Secures $100M to Launch New Crypto Hedge Fund Amid…

Team S · 2026-01-22T14:02:10.000Z

Galaxy Digital, the diversified digital-asset investment firm founded by Mike Novogratz, has secured $100 million in commitments to launch a new crypto-focused hedge fund scheduled to debut in Q1 2026. The fund aims to capitalise on both rising and falling trends in the digitalasset market by combining exposure to cryptocurrencies with strategic positions in traditional financial services stocks influenced by blockchain technology and regulatory shifts. The $100 million backing comes from a mix of family offices, high-net-worth investors, and select institutional backers, with Galaxy Digital also contributing a seed investment of its own. The hedge fund is structured to take both long and short positions across digital assets and equities, with up to 30 % of capital allocated to cryptocurrencies such as Bitcoin and Ethereum, while the remaining portion is targeted toward financial services and fintech-related stocks that may benefit from shifts in digital asset adoption and regulation. Joe Armao, who will head the new hedge fund, noted that the strategy is designed for the current market environment, where traditional crypto rallies may be slowing and volatility presents opportunities across both digital and traditional finance sectors. By balancing crypto and equity positions, Galaxy Digital is aiming for a flexible approach that can generate returns in diverse conditions and attract sophisticated capital into the emerging digital finance landscape.

Member Login Get Access

Galaxy Digital Secures $100M to Launch New Crypto Hedge Fund Amid… | Newnex