Analysis Reveals: Significant Increase in Assets Under Management of Major Crypto VCs This Year

IconCryptoNewsTerminal Staff11 Jun, 2024

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Analysis Reveals: Significant Increase in Assets Under Management of Major Crypto VCs This Year

A recent report from DL News, citing SEC filings, has revealed a substantial rise in assets under management (AUM) by leading cryptocurrency venture capital (VC) firms. Multicoin Capital witnessed an expansion of approximately 180% from $1.36 billion last year to $3.81 billion this year. Polychain Capital also experienced growth, going from $2.61 billion to $5.04 billion over the same period. * Blockchain Capital's AUM reportedly increased from $1.74 billion to $2.36 billion. However, the report notes that these AUM figures are still lower than what was observed during the 2021 crypto bull market. Despite this, the increase in AUM suggests that major crypto VCs remain bullish on the long-term growth of the cryptocurrency industry. The growth in AUM is likely due to a number of factors, including the increasing institutional interest in cryptocurrency and the growing number of blockchain startups. As the cryptocurrency industry continues to mature, it is likely that we will see even more growth in VC investment in the space. ---

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