Crypto:
30188
Bitcoin:
$68.992
% 2.83
BTC Dominance:
%54.4
% 0.13
Market Cap:
$2.44 T
% 3.67
Fear & Greed:
74 / 100
Bitcoin:
$ 68.992
BTC Dominance:
% 54.4
Market Cap:
$2.44 T

Pantera Capital Launches $1 Billion Crypto Fund Despite Market Downturn

Pantera Capital

Pantera Capital, a leading crypto investment firm, is reportedly launching a new $1 billion fund called Pantera Fund V. The fund will focus on investing in startup equities, early-stage project tokens, and liquid tokens.

Pantera Capital, a US-based crypto-focused investment firm, is reportedly planning to launch a $1 billion crypto fund. The news was first reported by The Block and Bloomberg, with details indicating that the fund will focus on startup equities, early-stage tokens, liquid tokens, and other cryptocurrencies.

If the firm manages to raise the targeted amount, the fund would be the largest crypto fund launched since the 2022 market downturn. Pantera’s previous fund, launched two years ago, successfully raised $1.25 billion.

A Pantera source speaking to The Block clarified that the upcoming Pantera Fund V is entirely separate from the fund launched two years ago. An official announcement regarding the new fund is yet to be made.

Pantera, which currently manages $5.2 billion in assets, has invested in over 180 startup projects to date.

“Bear Market is Over”

Notably, Pantera Capital released a significant report last week, claiming that the bear market for cryptocurrencies is over. The firm asserted that the surge in interest in ETFs is just the beginning and predicted that the next 18-24 months will witness significant growth.

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