Galaxy is moving ahead with plans to launch a $100 million hedge fund, targeting institutional investors looking to capitalize on digital asset volatility despite the ongoing crypto market pullback.
In Q2, strategic maneuvers led to a remarkable $10 billion gain, propelled by the rising value of Bitcoin. This surge highlights the cryptocurrency’s significant role in investment portfolios and the growing confidence in digital assets.
A former FTX customer has filed a lawsuit against a hedge fund, alleging breach of a bankruptcy payout agreement. The dispute highlights ongoing challenges in the financial sector.
Wall Street research analysts at the hedge fund Canaan Partners believe that the introduction of a spot Bitcoin exchange traded fund (ETF) could significantly increase the capital inflow into the crypto market, potentially attracting $300 billion in investments.