ChainCatcher said RockawayX, which manages about $2 billion in assets, is looking to raise $150 million for a new liquidity opportunities fund. The firm previously acquired crypto hedge fund Relayer Capital. Relayer Capital founder and former CoinFund partner Austin Barack will stay on at RockawayX and run the fund, which will focus on undervalued tokens and crypto-linked equities. The update comes as bitcoin, ether and Solana each gained more than 20% over the past week, while firms such as Paradigm and Framework Ventures have been expanding into AI and robotics.
ChainCatcher said RockawayX is seeking to raise $150 million for a new liquidity opportunities fund. The firm manages about $2 billion in assets.
RockawayX previously acquired crypto hedge fund Relayer Capital. Austin Barack, the founder of Relayer Capital and a former CoinFund partner, will remain at RockawayX and oversee the fund.
The fund will focus on undervalued tokens and crypto-related stocks.
The move comes after bitcoin, ether and Solana each rose more than 20% over the past week. At the same time, crypto venture firms including Paradigm and Framework Ventures are adding AI and robotics to their investment plans.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
