2023 Best Performing Cryptocurrency Funds

Grayscale

Assets Under Management: $20.8 billion

Grayscale was established in the year 2013, and it experienced rapid growth into the biggest cryptocurrency manager in the world. As of 2021, the organization had covered 73.4% of the electronic currency market with diverse investment products consisting of single trusts and decentralized finance funds. At the height of its growth, the organization possessed assets under management worth $43.5 billion. Grayscale stands as the biggest cryptocurrency asset manager even after experiencing a 50% decline in 2022.

Pantera Bitcoin Fund

Assets Under Management: $3.8 billion

This is the first institutional asset manager that focuses only on the blockchain. This organization has been a pioneer of digital funds ever since 2013. As the years passed, the organization rolled out four cryptocurrency funds and has championed 100 out of 210 investments. Pantera Bitcoin Fund has recorded more than $125 million from investing $26 million in 26 companies.

500 global

Assets Under Management: $3B

Initially started as a 500 startup, this capital organization has a portfolio of over 2,700 companies in more than 75 nations. 500 Global has invested in different sectors, which consist of blockchain and cryptocurrency startups. As of this year (2023), this organization has funded more than 51 unicorns, with each one worth 1 billion. It has also funded over 140 centaurs, with each one worth $100 million.

CoinShare

Assets Under Management: $2.23 billion

CoinShare started in 2014 and is the biggest Bitcoin investment fund in all of Europe. CoinShare brings varied exposure to digital assets via many cryptocurrency ETFs, ETPs, and various multiple-access portfolios. CoinShare was listed as a public company in Sweden in 2021.

a16z Crypto

Assets Under Management: $4.46 billion

Andreessen Horowitz (a16z) a very popular Silicon Valley VC company chaired by Marc Andreessen and Ben Horowitz, was established in 2009. The firm launched its cryptocurrency fund in 2018. The fund moved violently during the cryptocurrency bear market and raked in $4.5 billion in 2022. a16z still has four other investment funds in electronic assets, Web3, and blockchain startups.

Galaxy Digital Capital Management

Assets Under Management: $1.9 billion

This is a company based in New-York and they focus on blockchain technology and electronic assets. Galaxy Digital Capital Management was established by Michael Novogratz. In 2021, the firm’s assets under management increased by 600% (this was during the crypto bull market). As of this year, Galaxy Digital Capital Management had invested in more than 229 companies in the cryptocurrency sector.

Polychain Capital

Assets Under Management: $2 billion

This company was established by Olaf Carlson-Wee, and it seeks to give investors exponential profits via active management plans. This company has invested in digital currencies, not other companies. Polychain Capital has invested in more than 144 companies, such as AVA Labs, Coin CDX, and Dfinity.

Multicoin Capital

Assets Under Management: $2.8 billion

Kyle Samani established Multicoin Capital in 2017. The organization is thesis-driven located in Austin, Texas. Multicoin Capital invests basically in cryptocurrency, token, and blockchain startups on Layer 1 and Layer 2, infrastructure, and enterprise. They also invest in mobile, enterprise, and other categories. Some of the prominent Multicoin investment portfolios consist of Lido, Algorand, Ethereum, and Flow.

Alphabit Fund

Assets Under Management: $1 billion

This crypto fund aims to generate capital appreciation while seeking to lower the risk. Their strategy includes early investment in cryptocurrency projects, discretionary trading on higher liquidity token pairs, and automated trading on futures. Alphabit’s major investments are in non-fungible tokens, decentralized finance, and blockchain gaming.

AltaIR Capital

Assets Under Management: $600 million

This firm is situated in Israel and was established in 2010 to specialize in investment technology.  The firm invests in startup companies in financial technology, SaaS, medical technology, insurance technology, blockchain, consumer internet, cyber, and artificial intelligence. AltaIR has more than 300 companies in its portfolio, consisting of cryptocurrency-focused organizations such as REGA Risk Sharing, Unifimoney, and Anytype.

Altana Digital Currency Fund

Assets Under Management: $33 million

Altana Digital Currency Fund has been trading in notable cryptocurrencies. The organization has been functional since 2014 and has recorded huge success with the combo on long and short plans, using up to half of its assets to trade cryptocurrencies.

1Confirmation

Assets Under Management: $1 billion

This is an investment fund that was established by Nick Tomaino with support from Peter Thiel, Marc Andreessen, and Mark Cuban. This company also has investments in startups and cryptos. 1Confirmation investments include BAT, MakerDAO, Augur, Bitcoin, and Ethereum. The organization pulled together more than $125 million for cryptocurrency startups and electronic tokens in 2021. Also in 2022, it raised another $100 million for non-fungible token projects. As of this year, the company’s investment portfolio consists of 39 projects, including three major cryptocurrencies: Coinbase, Nexus Mutual, and OpenSea.

3iQ Corp Digital Asset Management

Assets Under Management: $700 Million

Established in 2012, 3iQ stands as the biggest electronic asset manager in Canada. The company has many fully-regulated, multi-asset crypto investment funds that give authorized investors exposure to electronic assets like Ethereum, Litecoin, and Bitcoin.

Amentum Investment Management

Assets Under Management: N/A

This is a hybrid electronic currency hedge fund that was established in 2017. Its focus is on blockchain-supported protocols and apps. Amentum Investment Management has investments in cryptocurrency tokens and crypto platforms like DexGrid, Connext, and NameBase. This year, the company has invested in seven cryptocurrency projects, which consist of Mattereum and Cent Network.

BlockTower Capital

Assets Under Management: $140 million

This was originally established by Andreessen Horowitz and Union Square Ventures. BlockTower Capital is a New-York based cryptocurrency investment company. The organization deploys a lot of plans, which consist of funding rate capitalization, decentralized yield farming, and so on.