Galaxy Digital, the crypto-focused financial firm led by Mike Novogratz, is launching a brand-new investment fund worth $100 million. The goal? To make money in both rising and falling markets by investing in cryptocurrencies and fintech stocks.

This new hedge fund is set to launch in the first quarter of the year and will follow a long-short strategy. That means the fund will place bets on both price increases and price drops, unlike traditional funds that only profit when prices go up. It’s designed to navigate today’s more unpredictable crypto market, where the days of nonstop growth seem to be over.

The fund’s structure is split: about 30% of the money will go into cryptocurrencies like Ethereum and Solana. The other 70% will target stocks in the financial services sector, including both traditional players like Fiserv and emerging fintech companies. This mixed approach allows Galaxy Digital to tap into opportunities across both the crypto and traditional finance worlds.

Joe Armao, who will lead the fund, says the market has changed. Simply buying and holding assets isn’t enough anymore. With AI developments and evolving regulations in the U.S., companies are being valued differently. Galaxy Digital aims to take advantage of these shifts by actively managing their investments instead of just waiting for prices to rise.

The fund has already caught the eye of wealthy investors and family offices, who have committed $100 million so far. Galaxy Digital is also investing its own capital to kick-start the fund, showing strong confidence in the strategy.

But that’s not all Galaxy Digital is doing. The company is growing on multiple fronts. Just last week, it completed its first tokenized collateralized loan obligation (CLO) on the Avalanche blockchain. This $75 million deal shows how Galaxy is blending traditional lending with digital technology.

They’re also expanding their mining and computing power. Galaxy recently got approval to boost energy capacity at its Helios data center in West Texas. This facility supports both crypto mining and AI computing, giving Galaxy a stronger foundation for future growth.

In a time when Bitcoin has dropped around 30% from its recent highs, Galaxy Digital is choosing not to sit still. Instead, it’s building tools to profit in any market—bull or bear—by combining the best of crypto and traditional finance.