New Galaxy Fund on Path to Raise $100 Million by Year End

Galaxy Digital's crypto fund Galaxy Liquid Alpha Fund plans to raise $50 million from domestic and overseas investors with the expectation of passing $100 million by the end of the year. The fund was launched last quarter and aims to use active management to gain exposure to a larger, more diversified group of crypto tokens. Unlike many current long-only products, the Liquid Alpha Fund doesn’t have any lockups on capital, and redemption frequency is monthly.