Overview
- The fund is slated to start in the first quarter of 2026, according to the Financial Times, with no specific date disclosed.
- Up to 30% of capital will go into cryptocurrency tokens, with the remainder invested in financial-services equities linked to digital-asset technology and regulation.
- The mandate allows long and short positions across tokens and stocks to capture both price rises and declines.
- Galaxy has lined up about $100 million from family offices, high‑net‑worth investors and some institutions, and will add an undisclosed seed commitment.
- Armao says the market’s “up‑only” phase may be fading even as he stays constructive on major networks, with Bitcoin trading near $88,000–$90,000 after a roughly 28–29% drop from October’s peak.