RockawayX Acquires Relayer Capital, Launches $150M Crypto Fund

Cryptocurrency investment firm RockawayX has acquired the hedge fund Relayer Capital, rebranding it as the RockawayX Liquid Opportunities Fund in a move to expand its platform with active, liquid trading strategies. The deal, announced on August 26, 2026, brings Relayer founder Austin Barack into the firm as chief investment officer of the new fund, which is targeting $150 million in capital. The acquisition marks a significant step for RockawayX, a Prague-based firm managing approximately $2 billion, as it seeks to capitalize on what it describes as growing inefficiencies in the crypto market. The new fund will focus on identifying mispriced liquid tokens and crypto-related equities, employing long and short positions to express fundamental views while reducing exposure to broader market moves. According to the firm, Relayer's strategy has generated an estimated net return of roughly 70% year-to-date through August 21, 2026, outperforming an equal-weighted basket of bitcoin, ether, and solana by 86 percentage points. Major contributors to this performance included positions in Venice AI, Hyperliquid, Grass Network, Pump.