RockawayX buys crypto hedge fund Relayer Capital to launch new investment fund

RockawayX acquires Relayer Capital to expand U.S. crypto investment strategies

Cryptocurrency investment firm RockawayX has acquired Relayer Capital, a crypto hedge fund. The deal aims to add long and short investment strategies to RockawayX’s platform and grow its presence in the U.S. market.

Relayer Capital will be rebranded as the RockawayX Liquid Opportunities Fund. The new fund will focus on finding undervalued liquid tokens and crypto-related stocks. RockawayX manages about $2 billion in assets.

The acquisition was announced on August 25, 2026.

Key details of the deal

• Relayer Capital’s founder, Austin Barack, will join RockawayX as Chief Investment Officer (CIO) of the new fund.
• The fund plans to raise $150 million, according to a Forbes report citing unnamed sources.
• Relayer’s strategy has delivered a net return of about 70% year-to-date as of August 21, outperforming a basket of Bitcoin, Ethereum, and Solana by 86%.
• The strategy uses long and short positions to reduce exposure to broader market swings.

What RockawayX says about the acquisition

RockawayX CEO Viktor Fischer stated that the timing is right for this strategy. He said, "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 also noted that the current market conditions resemble past recoveries from crypto downturns.

What is confirmed

• The acquisition of Relayer Capital by RockawayX was officially announced on August 25, 2026.
• Relayer Capital will be rebranded as the RockawayX Liquid Opportunities Fund.
• Austin Barack will join RockawayX as CIO of the new fund.
• RockawayX manages approximately $2 billion in assets.
• Relayer’s strategy has delivered a 70% net return year-to-date as of August 21, 2026.

What is still unclear

• The exact amount of capital the new fund will raise has not been confirmed. A Forbes report mentions $150 million, but this is not officially verified.

Why this matters for crypto investors

The acquisition signals growing interest in active investment strategies in the crypto space. The new fund will focus on undervalued assets, which could attract investors looking for opportunities beyond major cryptocurrencies like Bitcoin and Ethereum.

RockawayX’s move also reflects confidence in the current market recovery, as the firm believes crypto markets have bottomed out.

Sources

• The Block
• Forbes
• RockawayX Official Announcement