Due to market downturns and the impact of distributing funds to investors, top-tier crypto VC firms' book returns have shrunk.

robot
Abstract generation in progress

According to Fortune, due to the significant correction in the digital asset market in 2025 and the distribution of funds to investors, the investment portfolio values of top cryptocurrency venture capital funds such as Paradigm, Pantera Capital, and a16z have shrunk. Data shows that the total assets under management (AUM) of a16z crypto’s four crypto funds decreased by nearly 40% between 2024 and 2025, to $9.5 billion, but they had already distributed capital to LPs at market highs, with the first crypto fund achieving a DPI of 5.4; Multicoin Capital’s AUM halved to nearly $2.7 billion due to the decline in Bitcoin prices; Pantera Capital returned funds to investors following the listing of five portfolio companies, including Circle and BitGo.

BTC0.09%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin