RockawayX Plans $150M Crypto Hedge Fund Targeting Undervalued Tokens and Crypto Stocks
RockawayX, which manages approximately $2 billion in assets, is seeking to raise $150 million for a new liquidity opportunities fund. RockawayX previously acquired crypto hedge fund Relayer Capital.…
RockawayX, which manages approximately $2 billion in assets, is seeking to raise $150 million for a new liquidity opportunities fund. RockawayX previously acquired crypto hedge fund Relayer Capital. Austin Barack, founder of Relayer Capital and former CoinFund partner, will remain with RockawayX and manage the fund. The fund will focus on investing in undervalued tokens and crypto-related stocks. Bitcoin, Ethereum, and Solana have each gained over 20% in the past week. Meanwhile, crypto venture capital firms including Paradigm and Framework Ventures are expanding their investment focus into areas such as AI and robotics.
insigtX content is informational and educational, not investment advice.