Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Pantera Capital exec says approval of spot Bitcoin ETF provides ‘significant validation’ for the cryptocurrency.
ADOPTION NEWS

Pantera Capital exec says approval of spot Bitcoin ETF provides ‘significant validation’ for the cryptocurrency.

By Crypto FlexsMay 5, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Pantera Capital exec says approval of spot Bitcoin ETF provides ‘significant validation’ for the cryptocurrency.
Share
Facebook Twitter LinkedIn Pinterest Email

The approval of a U.S. spot Bitcoin exchange-traded fund this year provided significant validation for the cryptocurrency industry, according to Franklin Bi, general partner at Pantera Capital. This is because the cryptocurrency venture capital firm is raising a new mega fund worth $1.25 billion.

Bi declined to comment specifically on Pantera’s new fund, but told The Block in an interview that now is generally an appropriate time for venture firms to raise new capital and support emerging startups.

Bi said the spot Bitcoin ETF approval was “quite a validation” for the cryptocurrency industry. “This approval really shows people that regulation is still moving in a positive direction for digital assets,” he said. “This kind of validation has really solidified the confidence of many institutional investors that this is a long-term technology trend and development cycle that they should be exposed to.”

Several cryptocurrency VCs raise new funds

In addition to Pantera Capital, Paradigm is reportedly in talks to raise between $750 million and $850 million for the new fund. Galaxy Digital, Hack VC, and Hivemind Capital are reportedly in the process of raising $100 million, $100 million, and $50 million in new funding, respectively.

Crypto Accelerator Alliance recently raised $20 million from Brevan Howard Digital and Galaxy Digital for its third fund, and aims to raise another $80 million by July. Peter Thiel’s venture capital firm Founders Fund also recently acquired a stake in Alliance. Meanwhile, cryptocurrency venture 1kx recently secured $75 million to support early-stage startups.

Optimistic about gaming and DeFi

Within cryptocurrencies, the gaming and decentralized finance (DeFi) sectors offer significant investment opportunities, according to Bi. He also noted the emergence of real-world asset tokenization as a continuation of DeFi, which brings traditional financial assets into cryptocurrencies.

Regarding startup valuations, Bi described them as “healthy” overall, but noted some overheating in the early stages due to surplus capital chasing select investments in pre-seed and seed-level funding rounds. Bi believes Series A stage valuations are attractive, especially for teams that demonstrate market success and long-term growth potential. At that stage beyond Series A, valuations become “very attractive” because there is demand for capital, but supply is “very stagnant and declining,” Bi said.

long term focus

Pantera Capital remains focused on fundamental growth in the cryptocurrency industry. CEO Rain noted that blockchain technology is making inroads into various global markets, including financial markets, supply chains, and consumer applications, and that this fits the venture company’s long-term strategy.

“So I think this is a good time to focus on this aspect of the industry and double down on our efforts for the long term,” Bi concludes.


Portions of this interview first appeared in The Block’s new The Funding newsletter. To get expert insights first, subscribe to our free newsletter here.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Algorand (Algo) Get momentum in the launch and technical growth.

July 14, 2025

It flashes again in July

July 6, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Add A Comment

Comments are closed.

Recent Posts

Ether Lee Rium breaks $ 3K with 7,200% of the virus L2 coin eyes.

July 20, 2025

XRP Breaks Through $3.5! DL Mining Launches AI Cloud Mining Contracts, Earning Steady Profits Every Day

July 20, 2025

AAVE gains strength as AAVE dominates defect loans with net deposits of $ 50B or more.

July 19, 2025

As XRP Surges, DLMining Platform Opens New High-yield Cloud Mining Opportunities For Holders

July 19, 2025

Missed Out On Bitcoin At $9999? SIM Mining Cloud Mining Brings You New Opportunities For Wealth!

July 19, 2025

NFT is a rebound -there is a teenage NFTS this week.

July 19, 2025

MultiBank Group To List $MBG Token On Gate.io And MEXC During Official Token Generation Event

July 18, 2025

Earn $4,777 Daily! PaxMining Leads 2025’s Record-Breaking Bitcoin Mining Boom

July 18, 2025

GSR Leads $100M Private Placement Into Nasdaq-listed MEI Pharma To Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee

July 18, 2025

KuCoin Launches XStocks, Delivering A One-Stop Access Point To Top Global Tokenized Equities

July 18, 2025

💵 FREE $18 USDT – Just For Signing Up!

July 18, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Ether Lee Rium breaks $ 3K with 7,200% of the virus L2 coin eyes.

July 20, 2025

XRP Breaks Through $3.5! DL Mining Launches AI Cloud Mining Contracts, Earning Steady Profits Every Day

July 20, 2025

AAVE gains strength as AAVE dominates defect loans with net deposits of $ 50B or more.

July 19, 2025
Most Popular

Harry Yeff, known as Reeps100, collaborates with ElevenLabs as a research artist

December 8, 2024

SUI, BGB, ENA, and VIRTUAL are strong as Bitcoin looks for direction.

December 22, 2024

The Hong Kong Monetary Authority reveals the results of the 20 -year government bond bidding.

March 15, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.