Crypto VC RockawayX Plans $150M Raise for New Hedge Fund

August 26 news, according to Forbes, crypto venture firm RockawayX, which manages approximately $2 billion in assets, is raising $150 million for a new liquidity opportunities fund that will invest in "undervalued tokens and crypto-related stocks." RockawayX previously acquired crypto hedge fund Relayer Capital, and its founder Austin Barack (former CoinFund partner) will remain and lead the fund. While peers such as Paradigm and Framework Ventures are expanding their investment scope into areas like AI and robotics, RockawayX has chosen to increase its digital asset investments amid a crypto market recovery.