TREE NEWS reports: RockawayX, managing ~$2B in assets, is raising $150M for a new liquidity opportunities fund focused on undervalued tokens and crypto stocks. The fund will be managed by Austin Barack, founder of Relayer Capital, which RockawayX acquired. This comes as Bitcoin, Ethereum, and Solana surged over 20% in the past week.
RockawayX seeks $150M for crypto hedge fund
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AI take
The launch lands in a market where major tokens have just posted sharp weekly gains, a backdrop that typically eases fundraising for risk-oriented strategies. RockawayX is pairing balance-sheet scale with an acquired manager's track record, a structure that signals consolidation among crypto fund managers rather than purely organic growth. The focus on undervalued tokens and crypto equities suggests the firm expects dispersion rather than a uniform rally. Whether limited partners keep committing at this pace if the surge fades is the open question.
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