A significant company is making moves to create a $1.25 billion cryptocurrency fund, anticipating that the imminent approval of spot Bitcoin ETFs in the US will greatly enhance the legitimacy of the crypto industry.

Spot Bitcoin ETF Approval Enhances Crypto Industry

Franklin Bi, a general partner at Pantera Capital, emphasized that the impending approval of spot Bitcoin ETFs in the US will play a crucial role in legitimizing the crypto industry. While Bi did not specifically address Pantera's new fund, he did mention the favorable environment for venture firms to acquire new capital and position themselves to support upcoming ventures.

Investment Potential in Crypto Sectors

Bi highlighted the gaming and decentralized finance (DeFi) sectors within the crypto industry as areas with promising investment opportunities. Additionally, he recognized the growing trend of tokenizing real-world assets as an extension of innovative developments in the sector.