BroadChain, April 28 - According to BeInCrypto, institutional crypto capital is highly concentrated among a small number of fund managers. From venture capital, hedge funds to ETFs and asset management institutions, these companies are responsible for raising and allocating funds in the crypto market. The BeInCrypto Institutional 100 annual research project includes the "Fund Manager of the Year" award, which falls under the third pillar "Digital Asset Access." The following 15 companies are on the longlist, selected from crypto-native fund managers active between April and March. The final shortlist will be announced in May, and the winner will be revealed at the Proof of Talk conference in Paris on June 2-3.
The longlist covers venture capital, multi-strategy hedge funds, ETF/ETP issuers, and diversified crypto asset management institutions. The initial candidate pool included over 30 crypto-native fund managers, with 15 making the longlist and another 5 in the outreach pool. Scoring uses the Track B system: editorial quantitative 30%, expert committee 50%, and disclosed data 20%. Evaluation criteria include: assets under management (AUM) and growth, investment performance, product line breadth, institutional credibility, regulatory compliance, thought leadership, and team quality and stability. Data sources include SEC Form ADV filings, PitchBook, Tracxn, Crunchbase, Fortune Crypto 40, company disclosures, and mainstream financial media such as WSJ and Bloomberg.
Selected companies include: Grayscale (AUM $35 billion, NYSE IPO application submitted), a16z Crypto (AUM $9.5 billion, fifth fund targeting $2 billion), Paradigm (AUM $12.7 billion, new fund targeting $1.5 billion), Pantera Capital (fifth fund closed in 2025, $137 million investment yielding $547 million returns), Galaxy Digital (listed on Nasdaq, project financing of $1.4 billion), Haun Ventures (AUM $2.5 billion, up 30% year-over-year, the only large VC to achieve AUM growth), Polychain Capital (AUM $2.6 billion), Bitwise Asset Management (assets over $11 billion, offering 70+ investment products), Multicoin Capital (AUM $2.7 billion, early Solana supporter), Electric Capital (raised over $1 billion), Dragonfly Capital (AUM $4 billion, fourth fund at $650 million), CoinShares (AUM over $6 billion, holding 34% market share in EU ETPs), Coinbase Ventures (500+ investments), Bain Capital Crypto (first fund at $560 million), Blockchain Capital (AUM $2 billion, latest fund at $580 million).