Sovereign wealth funds are gaining crypto exposure through Bitcoin ETFs, blockchain firms and VC funds, favoring regulated vehicles over direct token ownership

The Block •

Revision history

5 recorded changes

Want your article here?

After Temasek's $275M FTX write-off, the SWF playbook is career-risk management: buy IBIT, a late-stage blockchain equity, or a VC fund LP interest, not a multisig stuffed with governance tokens. That routes state capital into issuers, custodians, and permissioned RWA rails before it reaches DeFi, with BlackRock's BUIDL sitting around $2.9B.

Top comment by @Benthic

Explore the topic

Crypto VC

Sovereign wealth funds are gaining crypto exposure through Bitcoin ETFs, blockchain firms and VC funds, favoring regulated vehicles over direct token ownership

Explore the topic

More on Crypto VC

Q3 2026 crypto VC report: bitcoin's best Q3 since 2017 failed to revive startup funding as seed deals hit a low

Jed Breed closes $15 million Breed VC Fund II for early-stage crypto bets

Defiant news founder Camila Russo warns crypto media is facing a structural crisis as VC funding shifts to AI, marketing budgets shrink and publishers grapple with layoffs across the industry

Former Hyperliquid skeptic Pavel Paramonov argues HYPE is among crypto's few truly investable assets, citing its no-VC structure, token buybacks and growing challenge to Binance's dominance

Dragonfly Fund IV sparks a candid playbook on building a crypto VC, covering fundraising, differentiation, winning deals, and surviving cycles.

VC-backed crypto token launches are failing in 2025, with 85% underwater and the old “Top VC = pump” playbook breaking down as capital dries up and fundamentals start to matter.

Q3 2026 crypto VC report: bitcoin's best Q3 since 2017 failed to revive startup funding as seed deals hit a low

Jed Breed closes $15 million Breed VC Fund II for early-stage crypto bets

Defiant news founder Camila Russo warns crypto media is facing a structural crisis as VC funding shifts to AI, marketing budgets shrink and publishers grapple with layoffs across the industry

Former Hyperliquid skeptic Pavel Paramonov argues HYPE is among crypto's few truly investable assets, citing its no-VC structure, token buybacks and growing challenge to Binance's dominance

Dragonfly Fund IV sparks a candid playbook on building a crypto VC, covering fundraising, differentiation, winning deals, and surviving cycles.

VC-backed crypto token launches are failing in 2025, with 85% underwater and the old “Top VC = pump” playbook breaking down as capital dries up and fundamentals start to matter.

Total stats

How to Earn

More on Crypto VC

Q3 2026 crypto VC report: bitcoin's best Q3 since 2017 failed to revive startup funding as seed deals hit a low

Jed Breed closes $15 million Breed VC Fund II for early-stage crypto bets

Defiant news founder Camila Russo warns crypto media is facing a structural crisis as VC funding shifts to AI, marketing budgets shrink and publishers grapple with layoffs across the industry

Former Hyperliquid skeptic Pavel Paramonov argues HYPE is among crypto's few truly investable assets, citing its no-VC structure, token buybacks and growing challenge to Binance's dominance

Dragonfly Fund IV sparks a candid playbook on building a crypto VC, covering fundraising, differentiation, winning deals, and surviving cycles.

VC-backed crypto token launches are failing in 2025, with 85% underwater and the old “Top VC = pump” playbook breaking down as capital dries up and fundamentals start to matter.

Q3 2026 crypto VC report: bitcoin's best Q3 since 2017 failed to revive startup funding as seed deals hit a low

Jed Breed closes $15 million Breed VC Fund II for early-stage crypto bets

Defiant news founder Camila Russo warns crypto media is facing a structural crisis as VC funding shifts to AI, marketing budgets shrink and publishers grapple with layoffs across the industry

Former Hyperliquid skeptic Pavel Paramonov argues HYPE is among crypto's few truly investable assets, citing its no-VC structure, token buybacks and growing challenge to Binance's dominance

Dragonfly Fund IV sparks a candid playbook on building a crypto VC, covering fundraising, differentiation, winning deals, and surviving cycles.

VC-backed crypto token launches are failing in 2025, with 85% underwater and the old “Top VC = pump” playbook breaking down as capital dries up and fundamentals start to matter.

Sovereign wealth funds are gaining crypto exposure through Bitcoin ETFs, blockchain firms and VC funds, favoring regulated vehicles over direct token ownership

Explore the topic

More on Crypto VC

Q3 2026 crypto VC report: bitcoin's best Q3 since 2017 failed to revive startup funding as seed deals hit a low

Jed Breed closes $15 million Breed VC Fund II for early-stage crypto bets

Defiant news founder Camila Russo warns crypto media is facing a structural crisis as VC funding shifts to AI, marketing budgets shrink and publishers grapple with layoffs across the industry

Former Hyperliquid skeptic Pavel Paramonov argues HYPE is among crypto's few truly investable assets, citing its no-VC structure, token buybacks and growing challenge to Binance's dominance

Dragonfly Fund IV sparks a candid playbook on building a crypto VC, covering fundraising, differentiation, winning deals, and surviving cycles.

VC-backed crypto token launches are failing in 2025, with 85% underwater and the old “Top VC = pump” playbook breaking down as capital dries up and fundamentals start to matter.

Q3 2026 crypto VC report: bitcoin's best Q3 since 2017 failed to revive startup funding as seed deals hit a low

Jed Breed closes $15 million Breed VC Fund II for early-stage crypto bets

Defiant news founder Camila Russo warns crypto media is facing a structural crisis as VC funding shifts to AI, marketing budgets shrink and publishers grapple with layoffs across the industry

Former Hyperliquid skeptic Pavel Paramonov argues HYPE is among crypto's few truly investable assets, citing its no-VC structure, token buybacks and growing challenge to Binance's dominance

Dragonfly Fund IV sparks a candid playbook on building a crypto VC, covering fundraising, differentiation, winning deals, and surviving cycles.

VC-backed crypto token launches are failing in 2025, with 85% underwater and the old “Top VC = pump” playbook breaking down as capital dries up and fundamentals start to matter.

Comments

Total stats

How to Earn

More on Crypto VC

Q3 2026 crypto VC report: bitcoin's best Q3 since 2017 failed to revive startup funding as seed deals hit a low

Jed Breed closes $15 million Breed VC Fund II for early-stage crypto bets

Defiant news founder Camila Russo warns crypto media is facing a structural crisis as VC funding shifts to AI, marketing budgets shrink and publishers grapple with layoffs across the industry

Former Hyperliquid skeptic Pavel Paramonov argues HYPE is among crypto's few truly investable assets, citing its no-VC structure, token buybacks and growing challenge to Binance's dominance

Dragonfly Fund IV sparks a candid playbook on building a crypto VC, covering fundraising, differentiation, winning deals, and surviving cycles.

VC-backed crypto token launches are failing in 2025, with 85% underwater and the old “Top VC = pump” playbook breaking down as capital dries up and fundamentals start to matter.

Q3 2026 crypto VC report: bitcoin's best Q3 since 2017 failed to revive startup funding as seed deals hit a low

Jed Breed closes $15 million Breed VC Fund II for early-stage crypto bets

Defiant news founder Camila Russo warns crypto media is facing a structural crisis as VC funding shifts to AI, marketing budgets shrink and publishers grapple with layoffs across the industry

Former Hyperliquid skeptic Pavel Paramonov argues HYPE is among crypto's few truly investable assets, citing its no-VC structure, token buybacks and growing challenge to Binance's dominance

Dragonfly Fund IV sparks a candid playbook on building a crypto VC, covering fundraising, differentiation, winning deals, and surviving cycles.

VC-backed crypto token launches are failing in 2025, with 85% underwater and the old “Top VC = pump” playbook breaking down as capital dries up and fundamentals start to matter.