[Galaxy Plans to Launch $100 Million Hedge Fund to Profit from Digital Asset Price Volatility] Odaily Planet Daily News – Mike Novogratz's cryptocurrency group Galaxy plans to launch a $100 million hedge fund in the first quarter of this year. The fund has already secured $100 million in investments from family offices, high-net-worth individuals, and large institutions, aiming to profit from the price volatility of digital assets. The fund will allocate up to 30% of its assets to crypto tokens, with the remainder invested in financial services stocks influenced by digital asset technology and regulations. Galaxy stated that it will provide seed funding for the fund. Currently, Galaxy manages $17 billion worth of digital assets. The head of the hedge fund, Joe Armao, mentioned that the fund could profit from identifying disruptors in the financial services sector as well as distinguishing between strong and weak companies. Currently, the price of Bitcoin is approximately $90,000. (FT)