Blockchain Capital is raising $700 million through two new funds, according to Bloomberg. The venture capital firm is simultaneously launching its seventh early-stage fund and its second growth fund, with some capital already deployed. This move builds on Blockchain Capital's extensive portfolio, which includes investments in Coinbase, 1inch, Aave, Circle, and Tether. The fundraising effort comes amid fluctuating cryptocurrency venture capital markets, with funding peaking at $2.42 billion in March before dropping to $466 million in April. Despite market volatility, cryptocurrencies have become a significant driver of fintech funding, accounting for 45% of investments this year. Blockchain Capital's initiative reflects the growing institutional adoption of cryptocurrencies, as publicly traded companies and investment products continue to expand their presence in the market.