RockawayX proposes to raise $150 million to set up an encrypted hedge fund to bet on undervalued tokens and encrypted shares

On 26 August, RockawayX, the digital asset investment agency that managed approximately $2 billion in assets, was seeking $150 million for a new liquidity opportunity fund. Previously, RockawayX had acquired encrypted hedge funds Relayer Capital. According to sources, Austin Barack, a former CoinFund partner and founder of Relayer, will continue to serve as RockawayX and manage the new fund. The fund will focus on "undervalued tokens and encrypted shares". As RockawayX moves, the encryption market has recently rebounded strongly, with bitcoin, Ethera and Solana increasing by more than 20 per cent over the past week. Meanwhile, some well-known encrypted venture capital institutions, such as Paradigm and Framework Ventures, are expanding their investment to include areas such as AI, robotics, etc. By contrast, RockawayX is still in the market for mobile encrypted assets。