Scenius Capital don secure $20M fund for emerging crypto VCs
Scenius Capital don close $20 million fund wey dem oversubscribe small to invest for emerging crypto venture capital funds. The fund go back small seed and Series A managers wey get sector, regional or thematic advantages, to strong the emerging crypto venture capital funds ecosystem. The firm dey emphasize bitcoin allocations, dem dey invest for managers wey get BTC beta, trade around BTC or dem denominate funds for BTC. ParaFi, wey be strategic backer, don buy GP stake for Scenius Capital to fund the business lines expansion plus token capital markets advisory services. With support from crypto-native limited partners, Scenius wan use the evolving regulation take push ecosystem development and boost innovation for early-stage blockchain projects.
Bullish
Di close wey happen for oversubscribed $20M fund wey e focus for bitcoin allocation show say institutional demand for BTC exposure dey grow. E go likely support bitcoin prices short term as managers begin deploy capital, and e go improve market stability plus confidence long term through reinforced adoption and regulatory clarity.