Pantera Capital ICO fund returns 362% since the start of the year

Venture firm Pantera Capital said in a letter to investors that the returns of its ICO-focused fund have risen year-to-date to 362%

Pantera ICO Fund invests in teams building new protocols in the blockchain ecosystem at a very early stage before public token offerings, and employs a long-term strategy.

The company’s Bitcoin Fund has generated a 218% return year to date, while the Digital Asset Fund has 224%. The latter typically invests in 10-15 liquid tokens and focuses on decentralized finance and related assets, the letter states.

Data: Pantera Capital.

“Pantera funds continue to generate strong profits this year, which has proven fruitful for digital assets. We believe we are still at the early stages of forming a multi-year bull market, buoyed by strong macro tailwinds and growing fundamentals in the underlying technologies”, the company said.

Over the past seven years, the Pantera Bitcoin Fund’s return surpassed 15 000%.

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