The value of the assets of the investment Fund Dan Morgado Pantera Capital fell by more than 70%
The cost of the assets under management of the investment Fund Digital Asset Fund from the company Pantera Capital for the year fell by 72.7%. However, only in August, the drawdown was 22.3%.
Pantera releases some painful performance numbers for their new #crypto fund. #bitcoin #ethereum pic.twitter.com/Do6D8sxHla
— Collin Crypto (@CollinCrypto) October 5, 2018
Note that the compound annual growth rate (CAGR) amounted to 50.3% and since its inception, the Fund’s asset value fell by 40.8%.
We will remind, net profit Pantera Bitcoin Fund over five years amounted to more than 10 000%.
Earlier, the head of the company Dan Morad said that the launch of the platform for trading digital assets Bakkt is a much more significant event than the Saga surrounding the approval of a bitcoin ETF in the United States.
It is noteworthy that the shares of the investment Fund Bitcoin Investment Trust Grayscale (GBTC) Barry Silbert has also decreased by 80%.