News in FinTec Funds Summary
This is a short summary about some projets going on from press releases
Pantera CEO Dan Morehead Reveals Hedge Fund’s Biggest Crypto Positions The chief executive officer for crypto hedge fund Pantera Capital has revealed some of the firm’s biggest crypto positions. Pantera CEO Dan Morehead said the venture’s firm’s largest allocations were in bitcoin, followed by ethereum. Morehead went on to list polkadot, filecoin, augur, and 0x as altcoins the firm had allocated significant positions in.
Crypto Hedge Fund Neural Capital Closes After Losing Half Its Money
The fund has lost half its money since launching in 2017 and is in the process of refunding leftover money to investors, according to three people familiar with the matter who asked not to be identified. By 2019, Neural Capital managed over $13 million that drew investments of $250,000 on up from over 40 investors, including Greylock partner Joshua Elman and Expa partner Hooman Radfar, according to financial records.
Huobi Hires Former Banking Giant Executive to Lead New DeFi Fund
Crypto exchange operator Huobi Group is forming a new fund to invest tens of millions of dollars of its own capital in the decentralized finance (DeFi) space. Huobi Group said in an announcement Monday it has launched a new business unit called Huobi DeFi Labs to manage the new fund. DeFi Labs, which initially comprises of four staff, will focus on research, investment and incubation of DeFi-related projects.
Grayscale Ethereum Trust Files to Status of Reporting Company With SEC
Grayscale Investments has voluntarily publicly filed a Registration Statement on Form 10 with the U.S. Securities and Exchange Commission (SEC) for its Ethereum Trust (ETHE) to obtain reporting status. If the filing is approved by the SEC, the Ethereum Trust will be the second cryptoasset investment vehicle ever to obtain the status of a reporting company with the regulator, behind only Grayscale’s Bitcoin Investment Trust (GBTC).