Analytics firm 10x Research says market participants are speculating that a multi‑billion‑dollar Hong Kong hedge fund has collapsed after recent Bitcoin losses. The report warns the situation could increase volatility and contagion risk across crypto markets.
Galaxy Digital has secured $100 million to launch a crypto hedge fund slated to debut in Q1 2026, focusing on cryptocurrencies and blockchain-disrupted financial services. The raise underscores continued institutional interest in digital-asset strategies.
Galaxy is launching a $100 million long-short hedge fund that will trade both crypto tokens and traditional equities, aiming to hedge as the “up-only” market phase fades. The strategy is pitched to institutional investors seeking downside protection and diversified exposure.