Crypto Expert to Establish $1.25 Billion Crypto Fund, Highlights Potential in Two Key Areas: Discusses Future of Bitcoin (BTC) and Ethereum (ETH)
- Recently, a major company announced its plan to establish a $1.25 billion cryptocurrency fund.
- According to Franklin Bi, one of the general partners of Pantera Capital, the imminent approval of spot Bitcoin ETFs in the US significantly legitimizes the crypto industry.
- Bi refrained from commenting specifically on Pantera’s new fund, but stated that the current climate is conducive for venture firms to raise new capital and position themselves to support new ventures.
Major company plans to set up a $1.25 billion cryptocurrency fund, as imminent approval of spot Bitcoin ETFs in the US is expected to significantly legitimize the crypto industry.
Spot Bitcoin ETF Approval Bolsters Crypto Industry
Franklin Bi, one of the general partners of Pantera Capital, has stated that the imminent approval of spot Bitcoin ETFs in the US has significantly legitimized the crypto industry. Although Bi refrained from commenting specifically on Pantera’s new fund, he did mention that the current climate is conducive for venture firms to raise new capital and position themselves to support new ventures.
Investment Opportunities in the Crypto Industry
Within the crypto industry, Bi asserted that the gaming and decentralized finance (DeFi) sectors offer significant investment opportunities. He also noted the emergence of real-world asset tokenization as a continuation ... Read the full article for FREE at COINOTAG!
