The biggest names in crypto venture weren’t immune to the sudden collapse in the digital asset market in 2025. Top outfits like Paradigm and Pantera Capital saw their assets under management shrink amid the downturn, according to previously unreported filings I obtained from the Securities and Exchange Commission.
Cryptocurrencies are volatile, sometimes rocketing up in price with one tweet from one volatile man. (Elon Musk, President Donald Trump, or Binance cofounder Changpeng Zhao… take your pick.) And veteran crypto venture capitalists have weathered their fair share of bear and bull markets, watching their holdings soar in value during the NFT hype cycle of 2021 to only see their portfolios plummet in the ensuing “crypto winter.”
