Renewed Interest from Ultra High Net-Worth Individuals Injects Fresh Energy into Crypto VC Space: Struck Capital Founder
The crypto VC space is seeing renewed interest from high net-worth individuals and family offices after a year of relative quiet, according to Struck Capital founding partner Adam Struck.
Struck highlighted in an interview with Cryptonews Thursday that US Spot Bitcoin ETFs have rapidly altered the VC industry’s mindset. Significant involvement from institutions like BlackRock and Fidelity has played a key role.
“Most of our Limited Partners that we’re speaking to… they are realizing that crypto as a whole is an asset class,” he said. “It’s something that should be maybe a small part of a very diversified portfolio. And the fact that the SEC is legitimizing it with Spot ETF approval, it’s dramatically changed sentiment. So we are noticing much more pull from LPs.”
Struck manages a $115m fund focused on investing in crypto-native tech companies rather than cryptocurrencies themselves. Some companies in Struck’s crypto portfolio include 1inch, Algorand, CoinFLEX, Liquify, and Shardeum.
Despite many investors stepping back during a prolonged downturn last year, he remained committed to his strategy.
Currently, many partners are recognizing the importance of having exposure to cryptocurrency. So, they are actively seeking fund managers who have navigated both bullish and bearish markets with a calm and prudent approach, Struck said.
“It’s a very nice time to be a fund manager in the space,” he added.
Looking ahead, Struck is on the lookout for exceptional founders with unique insights and driven by the right motivations when building their ventures.
“We’re gonna pay attention to things like tokenomics and vesting periods,” he said. “And we want to make sure that they’re not just trying to launch an unnecessary token to get rich
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