Pantera Capital's crypto fund has grown more than 130% since its 2018 launch, according to a Form D filing submitted to the SEC. Pantera Fund III raised $164.7 million from 200 investors, falling abou
Pantera Capital's crypto fund has grown more than 130% since its 2018 launch, according to a Form D filing submitted to the SEC. Pantera Fund III raised $164.7 million from 200 investors, falling about $10.3 million short of its $175 million target. Since August 2019, the fund has posted 71.6% gains.
CEO Dan Morehead said Pantera holds around $600 million in digital assets. Bitcoin anchors the portfolio, with Ethereum, Polkadot, and Filecoin comprising the other significant positions.
Advertisement
728×90
The maturation of custody solutions has shaped Pantera's investment thesis. Morehead told Thinking Crypto that the industry has undergone substantial change. "We have these reputable firms who have five, six, seven, eight years of experience with no security incidents," he said. "That's the huge change. It allows an institutional investor with a fiduciary responsibility to actually run this up to the investment committee."
DeFi's rapid expansion has driven Pantera's returns. In a late-July blog post, the company noted that its Digital Asset Fund holds tokens central to the DeFi ecosystem, which has outperformed Bitcoin's store-of-value positioning through 2020. Blockchain payments surged 120% since November 2019.
Three barriers stand between DeFi and mass adoption: insufficient scalability, scarce fiat on-ramps, and inadequate infrastructure. Ethereum and Bitcoin handle 10 transactions per second, a throughput that limits growth and increases costs.
Investors continue backing DeFi despite these obstacles. Both retail and institutional buyers are hunting for opportunities in an asset class that remains cheaper than stocks.
MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.
Advertisement
728×90
Bitcoin reached $109,356 on January 20, 2025, marking a new all-time high coinciding with Trump's inauguration.
Bitcoin Cash ABC's price rocketed 62% in the past day, climbing from $12.27 to $19.97 as the project released a new client focused on stability fixes. The rebound offered holders a reprieve after the
Bitcoin reached $18,483 in the past 24 hours, extending a significant rally over the previous week. BTC/USD climbed more than 15 percent in the last seven days following a breakthrough past the $16,00
Law enforcement caught a California man attempting one of the more dramatic getaways in recent financial crime history. Matthew Piercey, accused of orchestrating a massive investment scam, tried to es
Grayscale Investments has crossed an unprecedented $10.4 billion in digital asset holdings, marking the first time the institutional crypto fund manager has reached this significant threshold. The mil
DeFi token yearn.finance (YFI) jumped more than 20% as Bitcoin surged past $18,000, sparking enthusiasm across the crypto market. The token climbed from just above $21,000 to an intraday peak of $24,8
Verifiable crypto journalism, delivered to your inbox.
Weekday mornings. No hype. No financial advice. Just what happened and why it matters.
No spam. Unsubscribe anytime. Read our privacy policy.
