Pantera says its ICO fund performance is up 362% year-to-date
According to Pantera Capital's monthly investor letter, the firm's initial coin offering-focused fund is up 362% year-to-date in terms of performance.
"Pantera Funds are continuing to generate strong returns in what has been a seminal year for digital assets. We believe we are still in the early innings of a potential multi-year bull market fueled by strong macro tailwinds and growing fundamentals in the underlying technology," the firm said in the letter.
By comparison, Pantera's bitcoin fund is up 218% and its digital asset fund is up 224%. Per the letter, the digital asset fund "typically invests in 10-15 liquid tokens at any point in time" and "is predominantly driven by a discretionary strategy focused on decentralized finance and adjacent assets."
As CoinDesk reported last month, Pantera's bitcoin fund has raised a total of $134 million, citing SEC filings.
Disclosure: Pantera Capital made a small equity investment in The Block's last fundraise.