RockawayX Plans $150M Crypto Hedge Fund

This signals that established crypto asset managers see enough persistent mispricing between tokens and listed crypto equities to build a dedicated vehicle around it, rather than treating the two as separate mandates. The stated focus on undervalued names implies a discretionary, valuation-driven approach at a time when much of the sector's capital sits in passive or index-like exposure. What matters next is whether the raise closes at target and whether peers follow with similar token-plus-equity strategies — that would say more about institutional appetite than any single fund's thesis.