Galaxy Digital has announced the launch of a new $100 million hedge fund focused on the cryptocurrency sector. The fund will employ a long-short strategy to capitalize on market opportunities.
The hedge fund aims to leverage Galaxy Digital's expertise in the crypto and fintech industries to generate returns for investors. The firm plans to use a combination of long and short positions to navigate the volatile crypto market.
Details about specific investments or targets within the fund have not been disclosed. However, the initiative reflects Galaxy Digital's ongoing commitment to expanding its presence in the digital asset space.
Key facts
- Galaxy Digital has launched a $100 million hedge fund.
- The fund will focus on the cryptocurrency sector.
- A long-short strategy will be employed.
- Specific investment targets have not been disclosed.
Sources
About Leonard Kravets
cryptocurrency journalist and market analyst focused on the intersection of blockchain, culture, and real-world adoption. Known for his clear, data-driven writing style, he covers emerging altcoins, DeFi trends, and the risks behind hype-driven projects. With a strong emphasis on education, transparency, and spotting potential scams before they spread.
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