Pantera Provides $46M in Investments to Bitcoin Feeder Fund

by Cryptospacey

Pantera’s Bitcoin Feeder Fund now has $63.7 million in funding from 153 buyers, up from $18 million from 56 backers a yr in the past, based on a new regulatory submitting.

  • Based in 2019, the Bitcoin Feeder Fund lets buyers make oblique investments within the agency’s fundamental Bitcoin Fund, based on an explanatory memorandum. The Bitcoin Fund is a passive tracker of bitcoin that provides buyers each day liquidity.
  • Final September, Pantera raised $369 million for a brand new blockchain fund. Two months later, The Info reported that Pantera was elevating $600 million for a brand new crypto fund to put money into enterprise fairness, crypto tokens and tokens in growth. The report mentioned Pantera anticipated the fund to succeed in $1 billion by the point it closes in March.
  • Based by Tiger Administration alum Dan Morehead in 2003, Pantera has backed greater than 80 blockchain corporations and 65 early-stage token offers throughout a portfolio that features funds firm Circle and crypto change Coinbase.
  • Pantera manages $6.4 billion in complete in blockchain-related property, based on the corporate.

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