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 investment from family offices, high-net-worth individuals, and large institutions, aiming to profit from the volatility of digital asset prices. The fund will invest up to 30% of its assets in crypto tokens, with the remainder invested in financial services stocks impacted by digital asset technology and law. Galaxy has stated it will provide seed funding for the fund. Galaxy currently manages $17 billion worth of digital assets. Joe Armao, head of the hedge fund, stated that the fund can profit by screening disruptors and differentiating between high-performing and low-performing companies in the financial services sector. Bitcoin is currently priced at approximately $90,000. (FT)