Pantera says its ICO fund performance is up 362% year-to-date


According to Pantera Capital's monthly investor letter, the firm's initial coin offering-focused fund is up 362% year-to-date in terms of performance.

"Pantera Funds are continuing to generate strong returns in what has been a seminal year for digital assets. We believe we are still in the early innings of a potential multi-year bull market fueled by strong macro tailwinds and growing fundamentals in the underlying technology," the firm said in the letter.

By comparison, Pantera's bitcoin fund is up 218% and its digital asset fund is up 224%. Per the letter, the digital asset fund "typically invests in 10-15 liquid tokens at any point in time" and "is predominantly driven by a discretionary strategy focused on decentralized finance and adjacent assets."

As CoinDesk reported last month, Pantera's bitcoin fund has raised a total of $134 million, citing SEC filings.

Disclosure: Pantera Capital made a small equity investment in The Block's last fundraise.

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

TRON USDC now available

Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency. 
Read Full Story
Sponsored Post

Layer-1 Platforms: A Framework for Comparison

The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana. We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come. 
Read Full Story
Aug 11, 2021, 5:18PM UTC