Pantera Crypto Funds Report 100% Returns Amid DeFi Craze

Sep 25, 2020 at 15:24 UTC.A boom in decentralized finance has turbo-charged returns for Pantera Capital's bitcoin and mixed cryptocurrency hedge funds this year.

Year-to-date, the funds have outperformed the S&P 500 stock index, as well as index and hedge funds.

The returns also tipped the ICO funds' life-to-date returns over 0% again and skyrocketed the bitcoin fund's life-to-date return further from 10,162% to 16,361%.

The recovery in the four Pantera funds is remarkable considering that the four Pantera Capital funds suffered tremendously in 2018 and 2019 when cryptocurrency markets imploded, with the exception of the bitcoin fund in 2019.

Trading started in November 2017 in the Pantera digital asset fund, July 2017 in the regular ICO fund, and December 2017 in the long-term ICO fund.

By the end of 2017, as cryptocurrency prices surged, the regular Pantera ICO fund was returning 347.6% and the long-term Pantera ICO fund was returning 6%. That year alone, the Pantera bitcoin fund, which began passively buying and holding BTC in July 2013, and later the splinter currency bitcoin cash, returned 1,565%, yielding the fund's highest life-to-date return yet of 25,000%.

Now, the life-to-date returns are 144.4% in the regular ICO fund and 216.3% in the long-term ICO fund.

The Pantera digital asset fund's life-to-date return still lags, down 27.1% historically, but marks an improvement from losing almost all its money, having sunk by 72.8% in total value by the end of December.

The Pantera ICO funds were also returning negatively by then, having fallen 42.2% in life-to-date value in the regular ICO fund and 14.5% in the long-term ICO fund.

Financial filings say Pantera's crypto-asset funds manage over $195 million together and let investors cash out on their $100,000-plus bitcoin investments daily and alternative coin investments monthly.