But that’s still less than it raised in 2018.
Pantera Capital, a crypto investment firm that has $600 million under management, had a very good year, but still not as good as 2018.
According to a recent SEC disclosure, Pantera Venture Fund III has raised $164,705,834 to date — and a whopping $68,841,379 of that has come over the last twelve months. While the fund raised only $24,419,455 last year, it still has not topped its 2018 raise of $71,445,000.
Pantera Capital fundraising 2018-2020. Source: Cointelelgraph, SEC.
The average investor ticket size, which amounts to roughly $1.77 million, increased more than fourfold relative to 2019 and doubled versus 2018. This could indicate an uptick in interest from institutional investors. The latter theme was elevated after Grayscle ran a national television commercial blitz and Galaxy Digital took out a full page ad in the Financial Times.
Comparatively, crypto hedge funds had an abysmal 2018. Eurekahedge’s cryptocurrency hedge fund index posted a 71.81% decrease, before recovering somewhat in 2019 with a gain of 15.56%. So far in 2020, it is up 46.98%.
Pantera’s founder Dan Morehaed recently opined that he expects Bitcoin (BTC) to breach the $100,000 plateau soon.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.