[Theta Capital Plans to Raise $200 Million to Establish Blockchain Fund of Funds] Theta Capital Management is preparing a new blockchain fund of funds named Theta Blockchain Ventures V, with a target to raise $200 million to seize early-stage investment opportunities amid waning venture capital interest in the blockchain sector. The fund plans to allocate capital to 10 to 15 venture capital firms specializing in digital assets, aiming for a 25% net internal rate of return (IRR). Currently, Theta Capital manages approximately $1.2 billion in assets, with its portfolio including renowned cryptocurrency venture firms such as Pantera Capital, CoinFund, Polychain Capital, and Dragonfly. A company spokesperson has confirmed details of the fundraising plan.