Galaxy, the cryptocurrency group led by Mike Novogratz, 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. It aims to profit from the volatility in digital asset prices, allocating 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 will provide seed investment for the fund, which is part of its $17 billion digital asset management portfolio.