PANews reported on January 21 that, according to the Financial Times, Mike Novogratz's Galaxy Group plans to launch a $100 million crypto hedge fund in the first quarter of 2026, aiming to profit from market volatility. The fund will invest up to 30% of its assets in crypto tokens, with the remainder allocated to financial services stocks impacted by digital asset technology and regulatory changes. It has already secured commitments from family offices, high-net-worth clients, and institutions, with Galaxy also participating in the investment. Led by Joe Armao, the fund plans to focus on the "winners and losers" theme in the financial industry, responding to the profound changes brought about by digital assets and AI technology.