USV and Pantera Capital are planning new crypto funds

30. Januar 2021

A pile of money coins lie on a wooden table. There is a tap next to it. This illustrates the picture of liquidity.

Union Square Ventures and Pantera Capital recently announced new funds

This means that there is an increasing number of investment companies that are pumping new liquidity into the crypto space.

New liquidity flows into the crypto market. Two US investment companies recently announced their intention to launch new funds for institutional investors. Union Square Ventures (USV) and Pantera Capital have each announced these plans in their own communications.

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According to USV managing director Andy Weissman, the new system product is „a core fund with a volume of 250 million US dollars.“ The fund is part of the “Climate Fund”, which invests in projects and companies that are actively working against the climate crisis. But investments in the crypto space are also planned. 30 percent of the total volume should flow into the blockchain sector. Weissman described the function of the fund as follows:

This will include both the direct holding of tokens and equity in blockchain-related projects at an early stage. Crypto networks embody both the evolution of trust in computer and financial systems as well as greatly expanded access.

Pantera Capital’s crypto fund

Pantera Capital is also continuing to work on a new crypto fund that is supposed to be designed for institutional investors. According to CEO Dan Morehead, the launch could be in a few months. The fund comes at a time when several Wall Street giants also want to invest in the crypto sector. For example, the hedge fund SkyBridge Capital registered a Bitcoin fund with the Securities and Exchange Commission (SEC) last December . According to Morehead, this phenomenon is increasing.

We’re really seeing a tipping point as more has come on the market in the past few months. We have had a lot of calls from foundations and others who want to get involved in this area.

Grayscale is planning new funds

As the world’s largest digital asset manager, Grayscale is also involved in the crypto business. The company founded five new trusts on December 18th last year . Specifically, this includes: Chainlink, Basic Attention Token, Decentraland, Livepeer and Tezos. Previously, Grayscale also registered its own trust for Filecoin in October. The asset manager would like to diversify further and is taking a prophylactic step.

However, the asset manager is best known for its Bitcoin funds. Grayscale recently invested another US $ 607 million in digital gold. The US company now holds three percent of all Bitcoin worldwide. A look at the total volume of all investments managed under Grayscale (25 billion US dollars) underscores the company’s preference when it comes to selecting its assets: Bitcoin (21 billion US dollars AUM).