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Polychain Capital's Original Crypto Fund Raises an Additional $19.5M
The fund has raised $307 million in its four-year history of investing in crypto and SAFTs.
By Danny Nelson
Updated Sep 14, 2021, 9:46 a.m. Published Aug 21, 2020, 4:14 p.m.
Polychain Capital's cryptocurrency hedge fund added $19.5 million in investments in the past year, pushing the flagship fund's lifetime raise past $307 million.
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- Polychain Fund I LP, which invests in cryptocurrencies and Simple Agreements for Future Tokens (SAFTs), raised the latest funds from at least 28 unnamed investors, according to SEC filings published Thursday.
- The fresh raise by Polychain's oldest fund further bolsters the firm's status as one of the most popular spots for high-rolling crypto investors to park their millions. Over 300 investors have now bought in. Polychain did not return CoinDesk calls.
- In March, CoinDesk reported Fund I delivered 1,332% gains to the steely stomached original investors who stuck it out through four years of market dips and soars.
- Polychain Capital also disclosed Thursday that Dfinity Ecosystem Fund LP, an associated investment vehicle that bets on venture-backed companies, raised $12 million from two investors since August 2019.
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
需要了解的:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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