Crypto venture capital firms are soaring thanks to an industry-wide rebound last year, new financial disclosures from the Securities and Exchange Commission reveal. In a sector known for its volatility, crypto venture investors—which typically invest in both digital assets and blockchain startups—have experienced a roller coaster over the past few years. During the bull market of 2021, they raised record amounts of funding before suffering precipitous declines during the ensuing “crypto winter.”
But the industry’s fortunes have swung upwards again on a spate of good news, including the Bitcoin ETFs, and the election of President Donald Trump, who embraced the sector after receiving a flood of political donations from crypto executives and their allies.
Solana, experiencing a 20,287% increase in its assets from 2017 through 2021 before experiencing a 90% drawdown in 2022. The firm has since rebounded, with its AUM growing to nearly $600 million in 2024.
Correction, April 9, 2025: A previous version of this article misattributed a quote to Pantera's head of marketing, Ping Chen. It should have been attributed to Paul Veradittakit.
