Bitcoin Rose 43% in Q3 but Crypto Venture Funding Fell 24%: Tiger Research
- —Bitcoin gained 43% in Q3; US spot bitcoin ETFs took in $6.34 billion net
- —Venture and strategic equity fell 24% and deal count dropped 13% on a monthly-average basis
- —Seed rounds made up 15% of deals, the lowest quarterly share since at least early 2024
- —Monthly debt financing rose from $70 million to $190 million; listing proceeds from $80 million to $150 million
Why it matters: Capital is shifting from speculative venture bets toward assets and companies with revenue and licences, reshaping how the industry is financed.
Source: Blockhead