Pantera Capital’s token fund, one of the startups investing in digital products, allegedly made a huge loss. According to sources, the crypto fund has lost 71% of its value this year due to the decline in crypto markets.
Established in 2013 Pantera Capitalis among the most well-known investment startups in the crypto community. The investment firm offers investors 1- to 3-year maturity fund management services in the token fund, which it launched in 2017.
Pantera Capital isn’t the only fund affected by the crypto market drop. The Wall Street Journal recently claimed that crypto fund a16z, run by Andressen Horowitz, has lost 40% since the start of the year. Horowitz, crypto- and Web3 It had raised a total of $7.6 billion in funds for its investments.
Pantera CEO Dan Morehead shared his market outlook at the beginning of October in his monthly investment letter:
“I think our fund can differentiate itself from other risk assets. Interest policies will soften again in 1-2 years, then blockchain investments will gain great value.”
Long-Term Investors Still In Profit
Pantera’s loss of 71% since the beginning of the year does not mean that all token fund investors are negative. According to sources, the fund has earned investors up to 350% since its launch. The token fund gained 500% in 2020 and lost 80% in the bear market in 2018.
Pantera Capital currently actively manages $4.5 billion in assets. The initiative is a new project planned in the future. blockchain It aims to raise $1.25 billion for its fund.
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