Pantera CEO Wants a Reminder the Day Before a US Bitcoin ETF Launches — ‘I Mi...
On October 6, Pantera Capital published an investor’s note written by Dan Morehead, the company’s CEO. Unlike the myriad of crypto investors who believe that a bitcoin exchange-traded fund (ETF) will send the crypto asset’s value to the moon, Morehead explains it could be a negative event and when it officially launches he said he “might want to take some chips off the table.” Bitcoin Price Bolstered by ETF Speculation, Dan Morehead Discusses a Bitcoin ETF Approval and Possible Negative Effects The price of bitcoin (BTC) is riding much higher....
Related News
Pantera Capital, an investment fund that focuses on bitcoin, has announced an index it says will allow investors to track the cryptocurrency over a medium-term timeframe. Dubbed the BitIndex, it takes into account seven different factors that Pantera believes accurately charts bitcoin's overall progress. What's interesting is Pantera Capital is not including price in the BitIndex, instead tracking other data sources that it believes lends to bitcoin's technological progression. In the fund's monthly report for June, Pantera stated: "While some other indices also offer guidance (such as....
In January, a transaction sent by the Reminder to News Media Canada was blocked by PayPal for being noncompliant with PayPal’s “acceptable use policy.” Reminder, formerly known as the Flin Flon Daily Reminder, is a newspaper published three times a week in Canada. Reminder publisher Valerie Durnin sent a payment worth $242.95 to the News Media Canada team to enter an article entitled "Syrian family adapts to new life” to the annual Canadian Community Newspaper Awards. Prohibited news. Later, it was discovered that PayPal locked the account of News Media Canada because the transaction....
Investment firms Fortress Investment Group (FIG), Benchmark Capital and Ribbit Capital have teamed up with Pantera Capital to launch a bitcoin investment fund. The new fund will be known as Pantera Bitcoin Partners LLC and, as the name implies, it will be controlled by Pantera. Fortress, Ribbit Capital and Benchmark Capital will be minority equity partners. Fortress became the first Wall Street investment firm to enter the bitcoin space. Last year it was rumoured to be acquiring bitcoins and a regulatory filing published in February revealed it had set aside $20m for bitcoin investments in....
New reports are indicating that some well-known investment firms are teaming up to form a fund that focuses on digital currencies, namely bitcoin. Fortress Investment Group, Ribbit Capital, and Benchmark Capital are joining Pantera Capital to form a new venture dubbed Pantera Bitcoin Partners, LLC. The move comes not long following news that Fortress' stash of bitcoin has lost a significant amount of value. It also highlights the closing gap between the bitcoin ecosystem and Wall Street. "We're very excited about the promise of Bitcoin and how it can transform the way we move money," said....
Pantera Capital's interest in bitcoin has been growing immensely over the past year (that is their business, after all). So much so, in fact, the company has announced the launch of a little something they are calling the "Bitindex". News of this Bitindex came in the form of a newsletter sent out to investors recently, in which the company suggested the index would be of use for medium-term forecasting of bitcoin movements. But that's not to say its a measure or forecast of the bitcoin price: Pantera has developed the BitIndex to inform our views on bitcoin. It is not a tool to forecast....