Mike Novogratz’s Galaxy to Launch $100M Crypto Hedge Fund as Bitcoin Tumbles

Mike Novogratz's Galaxy Digital is set to launch a $100 million crypto hedge fund amid a significant decline in Bitcoin's value. The fund aims to capitalize on market volatility and opportunities in the cryptocurrency space. This move comes as Bitcoin experiences a downturn, raising concerns among investors. Galaxy Digital's strategy reflects a growing trend of institutional interest in digital assets despite current market challenges. The hedge fund is expected to attract both institutional and accredited investors looking to diversify their portfolios.

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