Bitcoin

Pantera Capital is also looking beyond its poor returns to diversify its assets into projects with maximum potential. The firm recently participated in an investment round led by TD Ameritrade for ErisX, a cryptocurrency spot, and futures exchange. Pantera Capital’s portfolio already boasts of notable blockchain projects including 0x, Abra, Brave, Shapeshift, and Ripple.

Bitcoin has also bottomed out, believes many crypto fund managers in hopes to revive profits from a potentially volatile upside correction. That, however, does not change the fact that crypto hedge funds will always be exposed to risks crypto investment brings.

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Tags: Crypto Fund, cryptocurrency, pantera capital

The cryptocurrency industry also lost more than 70% of its market cap since the beginning of this year.

A large number of initial coin offering (ICO) projects reportedly sold out their token assets for fiat, causing a selling stir in the market. Many hedge managers such as the Digital Asset Fund were long on the outcomes of these blockchain projects and purchased their tokens to draw out maximum interim profits.

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