Andreessen Horowitz (a16z) is raising $2.2 billion for a new cryptocurrency-focused venture fund, according to multiple outlets. The announcement reflects a broader shift in the venture market, where some firms are still rebuilding investment momentum in digital assets while others are moving ahead with large allocations. Bloomberg reports that the fund arrives as the venture industry is recovering its appetite for the sector. CoinDesk and Decrypt similarly frame the move as a sign of sustained institutional interest in crypto, pointing to commentary from a16z about improving underlying conditions for the industry. CoinDesk also notes that the timing aligns with other fundraising activity in the crypto venture space, including Haun Ventures’ reported $1 billion raise. While some firms are adapting their strategies in response to a wider technology shift toward AI, the sources agree that a16z is committing substantial capital to support the next wave of crypto startups. Taken together, the reporting indicates the fund is positioned to invest during a period characterized by partial recovery and renewed confidence in crypto fundamentals.