RockawayX Plans to Raise $150 Million to Establish Crypto Hedge Fund

RockawayX is seeking to raise $150 million for a new liquidity opportunity fund, managing approximately $2 billion in assets. The fund will focus on investing in undervalued tokens and crypto-related stocks. Austin Barack, founder of Relayer Capital, will continue to stay with RockawayX and oversee the management of the new fund. This move comes amid a strong rebound in the crypto market, with Bitcoin, Ethereum, and Solana all seeing gains of over 20% in the past week. Meanwhile, well-known crypto venture capital firms like Paradigm and Framework Ventures are expanding their investment scope to include AI, robotics, and other fields. In contrast, RockawayX is still doubling down on the liquidity crypto asset market.

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