Galaxy Digital is preparing to launch a $100 million hedge fund designed to profit from sharp moves across the crypto and fintech sectors, according to a report by the Financial Times.
The fund is expected to begin operations in the first quarter and will deploy both long and short strategies to capture gains in rising and falling markets.
Around 30% of the fund’s capital will be allocated directly to crypto tokens, reflecting Galaxy’s conviction in selective digital asset opportunities despite ongoing volatility.
The remaining 70% will focus on listed financial services companies that Galaxy believes are being reshaped by blockchain adoption, digital payments, and regulatory change.
The hedge fund has already secured commitments from family offices, high-net-worth individuals, and institutional investors, while Galaxy itself will seed the vehicle with an undisclosed sum.
The strategy aims to benefit from market dislocations rather than directional price bets, allowing the fund to respond quickly to shifting sentiment and macro conditions.
The fund will be managed by Joe Armao, who highlighted structural changes in global markets as a key driver behind the launch.