An American hedge fund firm, Pantera Capital, plans to launch a new fund, Pantera Fund V, aiming to raise over $1 billion, as reported by Bloomberg.Â
This fund will offer a wide range of blockchain-based assets, differing from their current funds that focus on specific investments. Qualified investors need a minimum of $1 million, with limited partners contributing at least $25 million.
The fund will include startup equity, early-stage tokens, and liquid tokens, reflecting Pantera’s $5.2 billion assets under management across its existing funds. This raise would be the largest since 2022, signaling renewed institutional interest in crypto after a market rebound in 2023.
Overall, the crypto industry has seen over $3.5 billion raised in 2024, potentially surpassing 2023’s $9.3 billion. However, funding levels remain below the 2021 and 2022 highs.
These developments suggest a growing trend of institutional capital returning to crypto, indicating continued market growth and investor confidence.
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