According to Odaily, RockawayX manages approximately $2 billion in assets and is seeking to raise $150 million for a new liquidity opportunity fund. The fund will primarily focus on undervalued tokens and crypto-related stocks.
The institution previously acquired the crypto hedge fund Relayer Capital. Its founder and former CoinFund partner, Austin Barack, will continue to serve and oversee management of the fund, indicating its team integration in the crypto hedge field. Judging from the news context, Bitcoin, Ethereum, and Solana have all risen by more than 20% over the past week, while institutions such as Paradigm and Framework Ventures are also incorporating directions like AI and robotics into their strategies.
Attention to undervalued assets and crypto equities continues. The above is a compilation of publicly available information and does not constitute investment advice.
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