Institutional crypto capital is concentrated throughout a small group of fund managers. From enterprise and hedge funds to ETFs and asset managers, these companies increase and deploy capital throughout crypto markets.
Fund Supervisor of the Yr is an award class inside The BeInCrypto Institutional 100, an annual research-driven program recognising institutional digital asset excellence throughout 26 classes and 6 pillars.
This class sits in Pillar 3: Entry to Digital Property. The 15 companies beneath are its longlist, drawn from crypto-native fund managers lively between April 2025 and March 2026. A shortlist will likely be named in Could 2026, and the winner will likely be introduced at Proof of Discuss in Paris on June 2–3, 2026.
- Longlist: 15 companies masking enterprise capital, multi-strategy hedge, ETF/ETP issuers, and diversified crypto asset administration
- Candidates screened: Beginning pool of greater than 30 crypto-native fund managers; 15 superior to this longlist, with 5 further companies held within the outreach pool
- Scoring (Observe B): Editorial quantitative 30% | Skilled Council 50% | Disclosed information 20%
- Standards assessed: AUM (belongings underneath administration) and development, funding efficiency, product suite breadth, institutional credibility, regulatory standing, thought management, group high quality and stability
- Sources: SEC Type ADV filings (Fortune, April 2026), PitchBook, Tracxn, Crunchbase, Fortune Crypto 40, agency disclosures, and reporting by WSJ, Bloomberg, and different mainstream monetary press
| # | Agency | Based · HQ | Key Folks | AUM & Current Fund | Funding Focus | Consultant Work |
|---|---|---|---|---|---|---|
| 1 | Grayscale | 2013 · Stamford, USA | Peter Mintzberg (CEO)
Michael Sonnenshein (former CEO) |
$35B AUM
IPO filed Nov 2025 |
ETF issuer, crypto trusts, index merchandise | Filed for NYSE IPO (2025)
GBTC and ETHE dominate AUM |
| 2 | a16z Crypto | 2018 · Menlo Park, USA | Chris Dixon (Founder)
Sriram Krishnan (GP) |
$9.5B AUM
Fund V focusing on $2B |
Crypto enterprise investing | Fund I returned 5.4x DPI
Portfolio consists of Coinbase, Uniswap |
| 3 | Paradigm | 2018 · San Francisco, USA | Matt Huang (Co-Founder)
Fred Ehrsam (Co-Founder) |
$12.7B AUM
New fund focusing on $1.5B |
Analysis-driven enterprise | Increasing into AI and robotics
Backed Uniswap, StarkWare |
| 4 | Pantera Capital | 2003 / 2013 crypto · SF, USA | Dan Morehead (CEO)
Paul Veradittakit (Managing Accomplice) |
Fund V closed 2025
$547M realized on $137M invested |
Multi-strategy enterprise and tokens | First US Bitcoin fund (2013)
16 portfolio IPOs together with Circle |
| 5 | Galaxy Digital | 2018 · New York, USA | Mike Novogratz (CEO)
Christopher Ferraro (President) |
Nasdaq-listed (2026)
$1.4B challenge financing |
Diversified crypto platform | Helios information heart (1.6 GW)
Shifted itemizing absolutely to Nasdaq |
| 6 | Haun Ventures | 2022 · Menlo Park, USA | Katie Haun (CEO)
Diogo Mónica (GP) |
$2.5B AUM (+30% YoY)
Elevating ~$1B new funds |
Crypto enterprise (early + development) | BVNK and Bridge exits (2025)
Solely main VC with AUM development |
| 7 | Polychain Capital | 2016 · San Francisco, USA | Olaf Carlson-Wee (CEO) | $2.6B AUM
Multi-fund construction |
Hybrid hedge + enterprise | Early $1B crypto fund (2017)
Energetic governance throughout protocols |
| 8 | Bitwise Asset Administration | 2017 · San Francisco, USA | Hunter Horsley (CEO)
Matt Hougan (CIO) |
$11B+ belongings
70+ funding merchandise |
ETFs, SMAs, staking methods | BITB ETF publishes on-chain information
Broad institutional product suite |
| 9 | Multicoin Capital | 2017 · Austin, USA | Tushar Jain (Managing Accomplice)
Kyle Samani (Co-Founder) |
$2.7B AUM
Down from 2024 peak |
Enterprise + liquid tokens | Early Solana backer
Management transition in 2026 |
| 10 | Electrical Capital | 2018 · Palo Alto, USA | Avichal Garg (Managing Accomplice)
Maria Shen (Accomplice) |
$1B+ raised
Early-stage focus |
Infrastructure, developer tooling | Developer Report benchmark
Backed Aave, dYdX, NEAR |
| 11 | Dragonfly Capital | 2018 · San Francisco, USA | Haseeb Qureshi (Managing Accomplice)
Tom Schmidt (GP) |
$4B AUM
Fund IV: $650M (2026) |
Multi-stage enterprise | Averted Terra, Yuga Labs
Backed Ethena, Polymarket |
| 12 | CoinShares | 2013 · Jersey | Jean-Marie Mognetti (CEO)
Daniel Masters (Co-Founder) |
$6B+ AUM
Nasdaq listed (2026) |
Crypto ETPs, asset administration | $1.2B SPAC itemizing (2026)
34% EU ETP market share |
| 13 | Coinbase Ventures | 2018 · United States | Shan Aggarwal (CBO)
Justin Mart (Investor) |
500+ investments
Funded through Coinbase steadiness sheet |
Strategic enterprise arm | Backed OpenSea, FalconX
35+ acquisitions underneath group |
| 14 | Bain Capital Crypto | 2022 · San Francisco, USA | Alex Evans (Managing Accomplice)
Stefan Cohen (Managing Accomplice) |
$560M first fund
Bain mother or father $165B AUM |
Early-stage crypto enterprise | Backed Superstate, M0, Turnkey
Linked to Bain Capital platform |
| 15 | Blockchain Capital | 2013 · San Francisco, USA | Bart Stephens (Managing Accomplice)
Brad Stephens (Managing Accomplice) |
$2B AUM
$580M newest fund |
Early-stage by development | First tokenized VC fund (2017)
Backed Coinbase, Kraken |
About This Checklist
The BeInCrypto Institutional 100 — Fund Managers (2026 Lengthy Checklist) identifies crypto-native companies managing institutional capital throughout enterprise, hedge, and asset administration methods. These companies increase capital from institutional buyers and deploy it throughout digital asset markets.
Methodology
This class evaluates fund managers underneath Observe B of the BIC 100 methodology: 30% quantitative metrics, 50% Skilled Council scoring, and 20% disclosed information.
Evaluation spans seven standards: AUM and development, funding efficiency, product breadth, institutional credibility, regulatory standing, thought management, and group stability.
Knowledge was verified utilizing SEC Type ADV filings, firm disclosures, and private-market sources, together with PitchBook, Tracxn, and Crunchbase. Figures replicate the latest out there information on the time of publication.
The publish BeInCrypto Institutional Analysis: 15 Companies Managing Crypto Capital and Liquidity appeared first on BeInCrypto.