Blockchain Capital to raise $700M for new crypto funds

Blockchain Capital is seeking to raise $700 million for two new crypto venture funds, including a 7th early-stage fund and a 2nd growth fund, according to Bloomberg sources. The firm has already started deploying part of the capital and expects to close the fundraising in 5–6 months. Blockchain Capital previously raised about $1.0 billion for crypto investing and has backed major platforms such as Coinbase and Kraken. The company manages about $2.0 billion in fee-based assets, with a total investment portfolio value exceeding $6.0 billion. The fundraising comes as the crypto market remains under pressure: Bitcoin is still down around 40% from its October 2023 peak, and total assets tracking crypto funds (AUM) fell from $101.5 billion in 2025 Q1 to $93.4 billion this year Q1. For traders, Blockchain Capital’s $700 million fundraise signals continued institutional appetite despite weak market conditions, which may support risk sentiment. However, since the capital deployment is gradual (5–6 months) and macro/market drawdowns are ongoing, near-term impact is likely limited and mostly sentiment-driven.