# Pantera Capital

> Pantera Capital is an investment manager founded by Dan Morehead in 2003 that shifted into blockchain in 2013. It offers eligible investors exposure to Bitcoin, liquid tokens, private tokens and venture equity, and reports $3.5 billion in estimated, unaudited assets under management as of March 31, 2026.

- **Founded:** 2003
- **Headquarters:** San Francisco, United States
- **Founders:** Dan Morehead (Founder and Managing Partner)
- **Products:** Pantera Bitcoin Fund, Venture Funds I, II and III, Early-Stage Token Fund, Pantera Liquid Token Fund, Blockchain Fund (IV)
- **Notable:** Launched its Bitcoin Fund in July 2013; Pantera describes it as the first U.S. cryptocurrency fund., Launched a blockchain-only venture fund in 2013 and early-stage and liquid token strategies in 2017., Official homepage reports $3.5 billion estimated, unaudited AUM as of March 31, 2026.

## Products & services

- **Pantera Bitcoin Fund** — Passive Bitcoin tracker, launched July 2013; current published minimum $250,000, accredited investors, daily subscriptions and redemptions with one day’s notice.
- **Venture Funds I, II and III** — Closed private-equity vehicles with 2013, 2014 and 2018 vintages, focused on blockchain businesses.
- **Early-Stage Token Fund** — Private-stage protocol token strategy launched in 2017.
- **Pantera Liquid Token Fund** — Actively managed portfolio of 10-20 tokens; launched November 2017, $250,000 minimum, monthly subscriptions and quarterly redemptions with 65 days’ notice.
- **Blockchain Fund (IV)** — 2021 vintage all-in-one venture-style vehicle; official fund page lists $1.25 billion and 80 investments.
- **Pantera Fund V** — Venture-style exposure to venture equity, private tokens, liquid tokens and special opportunities; open for subscriptions by qualified purchasers as of October 2026.
- **S&P Pantera Digital Asset Index** — Benchmark launched July 20, 2026 with S&P Dow Jones Indices and Artemis data; initially 18 constituents screened for financial viability. It is a benchmark rather than a fund.

## Achievements

- Launched its Bitcoin Fund in July 2013; Pantera describes it as the first U.S. cryptocurrency fund.
- Launched a blockchain-only venture fund in 2013 and early-stage and liquid token strategies in 2017.
- Official homepage reports $3.5 billion estimated, unaudited AUM as of March 31, 2026.
- Launched the S&P Pantera Digital Asset Index in July 2026.

## Latest updates

- **2026-07** — Introduced the S&P Pantera Digital Asset Index, with a July 20 launch date and 18 initial constituents.
- **2026-10** — Jack Simison joined as a junior partner focused on fintech.
- **2026-10** — Published its October 22 Blockchain Letter with tokenization research and commentary on the new index.

## Links

- Website: https://panteracapital.com/
- LinkedIn: https://www.linkedin.com/company/pantera-capital
- Twitter/X: https://twitter.com/PanteraCapital
- YouTube: https://www.youtube.com/playlist?list=PLNqRyyht5ziUNTlS2DaVO7l3F2g3--k_y
- Facebook: https://www.facebook.com/panteracapital/

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Profile page: https://yespress.io/pantera-capital
Published by YesPress — https://yespress.io
Last updated: 2026-10-25