
Rockawayx acquired Relayer Capital, adding a fund that returned 70% net in 2025 YTD. Founder Austin Barack stays as CIO. The deal strengthens Rockawayx's U.S. presence and liquid-markets business.
Rockawayx has bought digital-asset hedge fund Relayer Capital, adding a directional long-short strategy to its roughly $2 billion investment platform. Founder Austin Barack stays on as CIO of the renamed Rockawayx Liquid Opportunities Fund, the firm said.
The fund takes long and short positions in liquid crypto tokens and digital-asset-related equities, targeting assets that appear mispriced relative to their underlying businesses, market position, or growth prospects. Relayer returned an estimated 70% net this year through Aug. 21, according to Rockawayx. Performance beat an equal-weighted basket of bitcoin, ether and solana by 86 percentage points.
Major contributors included positions in Venice AI, Hyperliquid, Grass Network, Pump.fun, and Zcash. The fund focused on artificial intelligence and the growth of 24/7 markets for tokenized real-world assets. The strategy uses pair trades and short positions to reduce broader crypto market exposure.
Rockawayx Chief Executive Viktor Fischer said crypto companies are developing conventional financial characteristics. “There are now crypto businesses with real revenues and strong fundamentals that we can underwrite, yet the market is still inefficient and misprices them. That is a great setup for active investors,” Fischer said.
Barack said current valuations resemble the opportunities that appeared as crypto emerged from prior downturns. “The fund is focused on growth, value, and category leaders with durable market share,” he said. “The current setup presents opportunities similar to the emergence from prior bear markets in 2020 and 2023.”
The acquisition adds a liquid strategy alongside Rockawayx's venture and market-neutral businesses. The firm also operates infrastructure and onchain liquidity divisions. Rockawayx said those capabilities help investment teams identify opportunities across blockchain markets while supporting crypto companies from early-stage funding through token launches and public-market trading. The deal strengthens Rockawayx's U.S. presence, with Barack based in the New York area.
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