Leading venture capital firm Andreessen Horowitz is adding new roles for cryptocurrency that suggest the launch of a new fund focused on buying and selling crypto assets.
The two jobs posted on the company's website, which Recode first reported, are for a "separately managed fund focusing on crypto assets."
The shop, based in Menlo Park, California, has invested in well-known companies in the space, including Ripple and Coinbase, as well as crypto-only funds such as Polychain Capital. It has also invested in initial coin offerings, but this would mark the firm's first move into publicly trading assets such as bitcoin.
Andreessen Horowitz is looking for a new manager to handle "all financial operations relating to a separately managed fund focusing on crypto assets," according to the job posting. The company is also looking for legal counsel to handle all regulatory aspects of the new fund, the job posting said.
While the posts don't spell out what crypto "assets" might include, the legal job gives hints. This lawyer would focus on SEC compliance and would be operating in an area where the "regulatory, legal and business climate remains largely unsettled."
Andreessen Horowitz's fifth and most recent fund, announced in June, raised $1.5 billion, according to a company blog post. That fund is focused on early-stage and mid-stage-growth tech companies, the firm said.
Andreessen Horowitz did not immediately respond to CNBC's requests for comment.
Bitcoin is recovering from its worst quarter in history after surging more than 1,300 percent in 2017. Bitcoin hit its highest level in more than a month Tuesday after the cryptocurrency fell 48 percent in the first three months of 2018.