Galaxy Digital to launch crypto hedge fund

Cryptocurrency financial services firm Galaxy Digital plans to launch a crypto hedge fund in the first quarter, the Financial Times reported. The fund intends to invest up to 30% of its assets in cryptocurrencies, with the remainder allocated to financial stocks that could be affected by changes in crypto technology and regulation. According to the report, the firm has already secured $100 million in investment commitments from family offices, high-net-worth individuals, and some institutional investors, with the potential for further fundraising.