PANews reported on May 21 that according to Bloomberg, Theta Capital announced that its crypto fund-of-funds "Theta Blockchain Ventures IV" has completed a $175 million financing, focusing on investing in early crypto venture capital institutions such as Coinfund and Polychain. Theta has focused on digital assets since 2018 and currently manages approximately $1.2 billion in assets. The fund aims to provide differentiated returns to institutional investors through the professional advantages of "crypto-native" venture capital.