Crypto venture capital firm Pantera Capital is about to raise $1.25 billion for its second blockchain fund.
Launched in June 2021, Pantera’s existing blockchain fund is an actively managed service that invests in a variety of venture equity, early stage and liquid tokens.
We only accept eligible buyers and require a minimum commitment of $1 million.
A second fund, which Pantera Capital is looking to raise $1.25 billion in, will close in May and will be invested in equities and digital tokens.
“We are very bullish over the next 10 or 20 years, so we want to provide liquidity to people who are giving up. Saidaccording to Bloomberg.
Pantera Capital Execs exits: CFO Ryan Davis Left Pantera earlier this month, Reported by Coindesk.
Chief Technology Officer Terrence Schofield and Chief Operating Officer Samir Shah also resigned.
Benzinga has reached out to Pantera Capital for comment on the executive’s departure.
Market landscape: Since June, the cryptocurrency market has slumped from all-time highs, with market capitalization hovering around $1 trillion.
Meanwhile, traditional financial markets are also experiencing turmoil.
The poor performance of most digital currencies is due to their close relationship with other risk assets, Morehead said.
In the Pantera CEO’s view, this correlation will soon come to an end, stabilizing the prices of major cryptocurrencies.
“Unfortunately, cryptocurrency pricing has become correlated with risk assets, but I honestly don’t think this has to be true. It is possible,” he said.
Morehead said he believes the next cryptocurrency rally is already underway.
“We’ve been through three major bear market cycles. In fact, I think we hit a low in June, but we’re headed for the next bull market. No, but I think we are on to the next phase of rallying.”
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