Rockawayx Boosts US Crypto Presence with Relayer Capital Acquisition

Rockawayx has expanded its US crypto presence through an acquisition deal with Relayer Capital. The digital asset hedge fund will become part of Rockawayx's roughly $2 billion investment platform, known as the Rockawayx Liquid Opportunities Fund. This move adds a directional long-short strategy to Rockawayx's existing offerings.

Relayer Capital has generated impressive returns so far this year, with an estimated net return of around 70% through August 21st. This outperformed a basket of Bitcoin, Ether, and Solana by 86 percentage points. The fund's success can be attributed to its focus on artificial intelligence and the growth of tokenized real-world assets.

Austin Barack, founder of Relayer Capital, will remain in charge as Chief Investment Officer (CIO) of the Rockawayx Liquid Opportunities Fund. He expressed that current valuations offer opportunities similar to those seen during previous bear markets in 2020 and 2023.