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Strategy

Digital assets hedge funds

Digital assets hedge funds invest or trade across crypto tokens, liquid venture-style positions, market-neutral basis trades, DeFi exposures, miners, infrastructure companies, and token derivatives.

56fund profiles

$5.0Breported gross assets

$89.9Maverage gross assets

Strategypage type

SEO research brief

What digital assets hedge funds means

Directional funds may hold tokens, crypto equities, or venture-like liquid positions.

Market-neutral funds may trade basis, funding rates, arbitrage, volatility, or exchange inefficiencies.

Data caveat

What the filings show

The data is best read as a disclosure map. Reported gross asset value is not the same as performance, net assets, investor capital, or a recommendation. Fund rows can include offshore master funds, Delaware vehicles, feeders, and internal sleeves.

Pantera Blockchain Fund LP is the largest sampled vehicle on this page at $1.6B.

Visual snapshot

Concentration and mix

Largest funds

Pantera Blockchain Fund LP $1.6B Pantera Blockchain Venture Fund LP $750.9M Hashdex Nasdaq Crypto Index Etf $605.1M Standard Crypto Flagship Fund LP $594.8M Pantera Bitcoin Fund Ltd. $585.2M Hunting Hill Crypto Opportunities Master Fund, Ltd. $90.4M

Manager concentration

Pantera Capital $2.9B

Hashdex Asset Management LTD $605.1M

Standard Crypto Management LP $594.8M

Gullane Capital, LLC $138.7M

Hunting Hill Global Capital, LLC $90.4M

Coinbase Asset Management, LLC $75.8M

Office clusters

San Francisco, California, United States $2.9B

Cayman Islands $645.3M

Rio De Janeiro, Brazil $605.1M

New York, New York, United States $219.9M

Jacksonville, Florida, United States $138.7M

Stamford, Connecticut, United States $75.8M

Strategy guide

How the strategy works

Directional funds may hold tokens, crypto equities, or venture-like liquid positions.

Market-neutral funds may trade basis, funding rates, arbitrage, volatility, or exchange inefficiencies.

Operational diligence includes custody, exchange counterparty risk, wallet controls, valuation, and regulatory treatment.

History and context

Crypto hedge funds emerged after Bitcoin and Ethereum markets became more liquid, then expanded with derivatives, DeFi, stablecoins, institutional custody, and tokenized infrastructure.

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Find funds inside Digital assets hedge funds

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Fund	Manager	Location	Gross assets

Ranked profiles

Largest funds in this group

56 rows shown

Fund	Manager	Location	Gross assets	Minimum
Pantera Blockchain Fund LP Digital assets	Pantera Capital	San Francisco, California, United States	$1.6B	$1.0M
Pantera Blockchain Venture Fund LP Digital assets	Pantera Capital	San Francisco, California, United States	$750.9M	$1.0M
Hashdex Nasdaq Crypto Index Etf Digital assets	Hashdex Asset Management LTD	Rio De Janeiro, Brazil	$605.1M	$100K
Standard Crypto Flagship Fund LP Digital assets	Standard Crypto Management LP	Cayman Islands	$594.8M	$5.0M
Pantera Bitcoin Fund Ltd. Digital assets	Pantera Capital	San Francisco, California, United States	$585.2M	$100K
Hunting Hill Crypto Opportunities Master Fund, Ltd. Digital assets	Hunting Hill Global Capital, LLC	New York, New York, United States	$90.4M	$1.0M
Gullane Digital Asset Partners, LLC Digital assets	Gullane Capital, LLC	Jacksonville, Florida, United States	$74.2M	$261K
Gullane Digital Asset Partners Qp, LLC Digital assets	Gullane Capital, LLC	Jacksonville, Florida, United States	$64.5M	$290K
Lvna Blockchain Fund LP Digital assets	Lvna Management LLC	Coral Gables, Florida, United States	$59.5M	$250K
Bh Digital Asset Master Fund Limited Digital assets	Brevan Howard Capital Management, LP	St Helier, Jersey	$50.1M	$100K
Theia Blockchain Partners Master Fund LP Digital assets	Theia	Cayman Islands	$47.8M	$250K
Menai Diversified Digital Asset Master Fund L.P. Digital assets	Menai Asset Management LLC	New York, New York, United States	$43.4M	$500K
Forteus Digital Asset Select Master Fund LP Digital assets	Forteus Investment Management UK Llp	London, United Kingdom	$39.0M	$100K
Galaxy Liquid Crypto Fund LP Digital assets	Galaxy Digital Capital Management LP	New York, New York, United States	$34.7M	$100K
Rs Crypto Income Fund, LP Credit Digital assets	Rs Advisory Group, LLC	New York, New York, United States	$32.8M	$250K
Digital Asset Fund Inc. Digital assets	Digital Asset Capital Management Inc.	Road Town, Tortola, British Virgin Islands	$32.8M	$35K
Ark Digital Asset Revolutions Master Fund LLC Digital assets	Ark Invest	St. Petersburg, Florida, United States	$31.0M	$500K
Dacm Liquid Venture Fund Inc. Digital assets	Digital Asset Capital Management Inc.	Road Town, Tortola, British Virgin Islands	$27.4M	$0
Coinbase US Bitcoin Yield Fund LTD Digital assets	Coinbase Asset Management, LLC	Stamford, Connecticut, United States	$24.4M	$1.0M
Coinbase US Bitcoin Yield Feeder Fund LP Digital assets	Coinbase Asset Management, LLC	Stamford, Connecticut, United States	$24.4M	$1.0M
Main Management Digital Asset Fund LP Digital assets	Main Management, LLC	San Francisco, California, United States	$21.5M	$0
Blue Square Digital Managed Volatility Bitcoin Fund, LP Volatility Digital assets	Blue Square Asset Management, LLC	New York, New York, United States	$18.6M	$250K
Struck Crypto Master LP Digital assets	Struck Capital Management LLC	Santa Monica, California, United States	$18.2M	$1.0M
Agc Blockchain, LLC Digital assets	Aspen Grove Capital, LLC	Avon, Colorado, United States	$16.5M	$25K
Everglades Digital Asset Fund LP Digital assets	Everglades Global Advisors LLC	Coral Springs, Florida, United States	$15.6M	$50K
Coinbase Bitcoin Yield Fund Digital assets	Coinbase Asset Management, LLC	Stamford, Connecticut, United States	$15.1M	$100K
Cambrian Core Blockchain Fund LP Digital assets	Cambrian Asset Management, Inc.	Mill Valley, California, United States	$12.8M	$500K
Coinbase Bitcoin Yield Feeder Fund Digital assets	Coinbase Asset Management, LLC	Stamford, Connecticut, United States	$12.0M	$100K
Avant Digital Fund Digital assets	Avant Blockchain Capital	Grand Cayman, Cayman Islands	$10.0M	$200K
Forteus Crypto Alpha Fund LP Digital assets	Forteus Investment Management UK Llp	London, United Kingdom	$9.2M	$100K
Coral Defi II LP Digital assets	Coral Capital Management LLC	San Juan, Puerto Rico, United States	$8.8M	$1.0M
Skycatcher Crypto Fund, LP Digital assets	Skycatcher, LLC	Austin, Texas, United States	$8.4M	$1.0M
Ahl Crypto Master Limited Digital assets	Ahl Partners Llp	London, United Kingdom	$7.3M	$100K
Digital Asset Market Neutral Opportunities Fund Sp Long/short equity Quantitative	Arb Fund Management LLC	Chicago, Illinois, United States	$7.0M	$250K
Truvestments Bitcoin Legacy Fund, LP Digital assets	Truvestments Capital LLC	Sarasota, Florida, United States	$6.5M	$500K
Coral Defi LTD Digital assets	Coral Capital Management LLC	San Juan, Puerto Rico, United States	$6.4M	$1.0M
Global Crypto Opportunity Fund Series Digital assets	Ridgewood Investments	Springfield, New Jersey, United States	$6.2M	$50K
Ugly Unicorn Crypto Fund I LP Digital assets	Ugly Unicorn Management LLC	Lehi, Utah, United States	$5.9M	$100K
Dacm Market Neutral Fund Inc. Long/short equity Quantitative	Digital Asset Capital Management Inc.	Road Town, Tortola, British Virgin Islands	$5.5M	$100K
Orca Capital Defi Fund, LP Digital assets	Orca Capital, LLC	Miami, Florida, United States	$5.2M	$250K
Reflexive Capital Digital Asset Master Fund LTD Digital assets	Reflexive Capital Management LP	San Francisco, California, United States	$4.3M	$2.0M
Pure Crypto Alpha, LP Digital assets	M1 Capital, LLC	Glen Ellyn, Illinois, United States	$4.2M	$50K
Franklin Templeton Digital Asset Frontier Fund, Ltd. Emerging markets Digital assets	Franklin Advisers, Inc.	San Mateo, California, United States	$3.9M	$500K
Morgan Creek - Exos Risk-Managed Bitcoin Fund, LP Digital assets	Morgan Creek Capital Management, LLC	Chapel Hill, North Carolina, United States	$3.8M	$250K
Svrn Crypto Fund, LP Digital assets	Svrn Asset Management, LLC	Austin, Texas, United States	$3.5M	$100K
Dacm Global Master Fund Inc. Digital assets	Digital Asset Capital Management Inc.	Road Town, Tortola, British Virgin Islands	$3.3M	$100K
State Street Hedged Digital Asset Ecosystem Cayman Ltd. Digital assets	Ssga Funds Management, Inc.	Boston, Massachusetts, United States	$2.0M	$0
Pythagoras Crypto Directional Trading Fund Spc Digital assets	Pythagoras Management Company LLC	Cayman Islands	$1.5M	$100K
Honeybear Crypto Club Fund 1 LLC Digital assets	Honeybear Financial LLC	Chicago, Illinois, United States	$1.1M	$25K
Boreal Defi Fund Master Segregated Portfolio Of Samara Alpha Master Spc Digital assets	Samara Alpha Management, LLC	Cayman Islands	$827K	$250K
Bitcoin Denominator Group, LP Digital assets	Destello Capital Management	Delaware, United States	$688K	$100K
Hsc Bitcoin Holdings, L.P. Digital assets	Hawthorne Street Capital Management Company, LLC	Dallas, Texas, United States	$500K	$100K
Sparkline Web3 Value Fund LP Digital assets	Sparkline Capital LP	Delaware, United States	$400K	$250K
Sparkline Web3 Value Fund LTD Digital assets	Sparkline Capital LP	Cayman Islands	$400K	$250K
State Street Digital Asset Ecosystem Cayman Ltd. Digital assets	Ssga Funds Management, Inc.	Boston, Massachusetts, United States	$395K	$0
Sparkline Web3 Value Fund Offshore LTD Digital assets	Sparkline Capital LP	Cayman Islands	$1	$250K

FAQ

Questions about this page

Are digital asset funds all venture funds?

No. Some are liquid trading funds, some are venture-style funds, and others run market-neutral or arbitrage strategies.

Why is operational diligence important?

Digital asset funds can face custody, wallet, exchange, valuation, and regulatory risks that differ from traditional securities portfolios.

Which managers appear in the Digital assets hedge funds sample?

The largest sampled managers include Pantera Capital, Hashdex Asset Management LTD, Standard Crypto Management LP, and Gullane Capital, LLC. This is based on reported gross asset value in the generated Form ADV dataset.