Venture capital firm Pantera Capital has reported in a letter to investors that the yield of its fund focused on initial coin offerings (ICOs) has risen to 362% since the beginning of the year.
Pantera ICO Fund invests in teams that create new protocols in the blockchain ecosystem at a very early stage before publicly offering tokens and uses a long-term strategy.
The company’s Bitcoin fund has yielded a 218% return on Crypto Trader investment since the beginning of the year, while Digital Asset Fund has yielded 224%. The latter typically invests in 10-15 liquid tokens and focuses on decentralised finance and related assets, the letter said.
„Pantera funds continue to deliver strong returns this year, which has been a fruitful year for digital assets. We believe we are still in the early stages of building a multi-year bull market, fuelled by strong tailwinds at the macro level and growing fundamentals in the underlying technologies,“ the company said.
As a reminder, Pantera’s bitcoin fund has returned more than 15,000% in seven years.
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