The renowned venture firm Pantera Capital has released its July report on the performance of its funds. report on the dynamics of its funds. Pantera Bitcoin Fund outpaced Bitcoin, delivering a net return of 15,140% over seven years.
The recently launched Pantera Digital Asset Fund with positions in the DeFi segment posted 86% year-to-date, ICO Fund — 43%.
Performance of Pantera Capital funds year-to-date.
\”The Pantera Digital Asset Fund has access to assets directly integrated into the growing DeFi ecosystem. The momentum of this segment year-to-date outpaces Bitcoin as a store of value,\” the report notes.
According to the DeFi Pulse service, the total value locked in the sector reached $3.9 billion. Over three weeks the figure nearly doubled.
What is decentralized finance (DeFi)?
The firm believes that the rising popularity of decentralized lending services looks promising. However, it warns that DeFi protocols require substantial scalability, better infrastructure, and simpler fiat gateways. Only after addressing these issues will adoption become truly mass-market.
\”The progress we are seeing in overcoming these barriers, and our expectations for the future, lead us to look ahead with optimism,\” the document notes.
The ICO Fund’s growth was based on listing assets held within the fund. Some holdings also overlap with the DeFi space. In particular, the firm holds tokens of infrastructure projects aimed at increasing the functionality and usability of the DeFi ecosystem.
The flagship Pantera Bitcoin Fund has risen 43% year-to-date. After paying a management fee of 0.75%, initial investors earned 15,140% over the seven-year period. The fund does not charge a performance fee.
Historical dynamics of Pantera Bitcoin Fund by year.
The fund, aimed at institutional investors and wealthy private individuals, allows withdrawals on any day. According to the report, despite this flexibility and the absence of a premium to net assets, most investors are hodlers. The average investment horizon stood at 841 days.
As of the latest figures, assets under management in Grayscale Investments reached $5.1 billion. In the past 11 days, inflows totaled $1 billion.
Follow ForkLog news on Facebook!