Fund of funds plans raise for what it predicts will be last big crypto boom
Magic money on the internet is a world of highs and lows. Bitcoin and other cryptocurrencies can rocket to records before dropping more than 10% in just hours. It’s an investment not for the faint of heart, but for early movers, crypto can reap outsized gains.
Pure Crypto, a fund of funds headquartered outside Chicago, isn’t like longtime Silicon Valley venture capital investor Pantera Capital—which famously launched the first Bitcoin fund in the U.S. in 2013 and now manages more than $4 billion. But Pure Crypto’s first fund, launched in 2018, has appreciated almost 1,000% to be worth around $60 million as of the end of 2024, say founder Jeremy Boynton and managing partner Zachary Lindquist.
Now, Boynton and Lindquist,…
