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Galaxy Digital CEO Says Two-Thirds of Crypto Hedge Funds Will Fail

Galaxy Digital CEO Mike Novogratz says two-thirds of crypto hedge funds will fail. “Volume will go down, hedge funds will have to restructure,” Novogratz said at the Piper Sandler Global Exchanges & Brokerage Conference in New York. “There are literally 1,900 crypto hedge funds. My guess is two-thirds will go out of business.”
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