After a16z Crypto, a different big investment fund in the cryptocurrency sector, Pantera Capital, is stated to have suffered hefty losses due to the bearish marketplace.
According to sources of The blockPantera Capital’s Early-stage Token Fund misplaced 71% of its worth in 2022 as the cryptocurrency marketplace knowledgeable a prolonged series of days of decline.
Pantera Capital is a single of the oldest names in crypto venture capital, possessing been founded in 2013. Pantera’s preliminary Token Fund was launched in 2017 with a approach to let traders to expose money to cryptocurrencies in excess of a one-12 months timeframe. at three many years.
Despite going through a decline in worth, Pantera Capital’s investment fund has even now brought in a 372% return for traders considering the fact that its launch. This is not the to start with time Pantera has encountered this kind of a condition. During the 2018 bear marketplace, the fund’s worth “evaporated” by 83%, prior to bouncing 562% and 319% in 2020 and 2021.
Pantera at the moment manages $ four.five billion in assets and manages 5 money: the “Early Stage Token Fund” over, the “Blockchain Fund” which invests stocks in crypto corporations, the “Liquid Token” fund also invests in cryptocurrency , the “Bitcoin” fund and the Venture fund for venture capital.
To adhere to BloombergPantera Capital is raising $ one.25 billion to open a new blockchain fund.
Previously, as Cointelegraph reported, a different VC giant, a16z Crypto, knowledgeable a forty% drop in the worth of its cryptocurrency investment fund in 2022 alone.
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