Pantera’s Bitcoin Feeder Fund reaches $63.7 million in funding
Pantera Capital, an American hedge fund that manages over $6.4 billion in blockchain-related assets, has now reached $63.7 million in funding from 153 investors for its Bitcoin Feeder Fund, a Securities and Exchange Commission (SEC) filing shows.
Through the Bitcoin Feeder Fund, investors can indirectly partake in Pantera’s Bitcoin Fund — a passive bitcoin tracker that gives investors daily equity without the need to buy and safeguard the cryptocurrency. The Bitcoin Feeder Fund had $18 million and 56 investors this last year, CoinDesk reports.
In addition to bitcoin, Pantera has invested in a wide-range of tokens as well as equity in crypto startups. In a recent episode of The Scoop, Pantera’s Director of Portfolio Development Franklin Bi mentioned, for instance, that the hedge fund has been ramping up its investments in decentralized finance. Pantera has led multiple funding rounds for various startups such as the crypto staking platform Stader Finance and the non-fungible token (NFT) lending platform Arcade in 2021.
Pantera Capital was founded in 2013 and currently has 80 early-stage token investments and 85 venture investments in its portfolio, according to the firm’s website.