A significant company intends to create a $1.25 billion cryptocurrency fund as approval for spot Bitcoin ETFs in the US looms, potentially providing a substantial boost to the legitimacy of the crypto industry.

Opportunities for Investment in the Crypto Industry

Franklin Bi, one of the general partners of Pantera Capital, believes that spot Bitcoin ETF approval in the US could greatly legitimize the crypto industry. While Bi did not provide specific details about Pantera's new fund, he mentioned that the current environment is favorable for venture firms to secure new capital and position themselves to support emerging ventures. Additionally, Bi highlighted the gaming and decentralized finance (DeFi) sectors within the crypto industry as offering significant investment opportunities. He also acknowledged the rise of tokenization of real-world assets as an ongoing trend within the industry.