Performance Update

As of August 2025, Bursera Capital's total ROI is 1375.41%* since the fund's inception in 2019, with Bitcoin standing at 938.70% and the average fund reaching 620.74%. Returns are -0.62%*, with the average fund reporting 5.05% and Bitcoin at -6.98%. Our Compound Annual Growth Rate (CAGR) of 53.86% continues to lead both Bitcoin (44.50%) and the average fund (35.00%).

Market News

Key developments shaping digital asset markets and policy this month:

• U.S. Commerce Department Pilots On-Chain GDP Reporting: Officials published Gross Domestic Product (GDP) figures directly on Bitcoin, Ethereum, and Solana to test transparency, permanence, and blockchain’s potential role in government data distribution.
• FBS Analysis Points to Politically Driven Altcoin Rally: Analysts highlight historically oversold conditions but forecast a selective rebound led by institutionally backed, politically resilient assets rather than broad retail speculation.
• Wave of ETF Approvals Expands Market Access: Regulators cleared over 90 digital asset Exchange-Traded Funds (ETFs), providing institutional and retail investors with new on-ramps and boosting liquidity for Bitcoin, Ethereum, Solana, Chainlink, and Cardano.
• Crypto Industry Breaks Fundraising Record: Venture and institutional inflows into exchanges, infrastructure, and DeFi startups hit an all-time high, underscoring long-term confidence in blockchain’s role in global finance.
• Industry Pushes Lawmakers to Protect Developers: More than 100 crypto entities urged Congress to ensure open-source developers are shielded from liability, framing it as critical to U.S. innovation and competitiveness.

Commerce Department Pilots Blockchain-Based GDP Reporting

The agency begins by publishing economic data on Bitcoin, Ethereum, and Solana to test transparency, security, and broader applications for public recordkeeping.

The U.S. Department of Commerce has launched a pilot program placing Gross Domestic Product (GDP) figures directly on Bitcoin, Ethereum, and Solana blockchains. The initiative reflects a growing interest in blockchain’s potential to provide permanent, tamper-proof access to government data. By testing across multiple networks, officials aim to evaluate resilience, transparency, and the feasibility of scaling this approach to other key economic indicators.

• First U.S. economic data on-chain: GDP figures published simultaneously on Bitcoin, Ethereum, and Solana mark the first time official U.S. statistics have been recorded directly onto public blockchains.
• Bitcoin chosen for resilience: Its longevity and security made Bitcoin the benchmark for ensuring permanence in the pilot.
• Ethereum and Solana add flexibility: Both networks were included for their smart contract capabilities, enabling more complex data storage and verification.
• Transparency as a central goal: Blockchain integration is designed to make government data publicly verifiable and resistant to manipulation.
• Potential expansion to other metrics: Officials are evaluating how inflation, trade, and employment statistics might also be published on-chain.
• Signal of institutional adoption: The experiment underscores Washington’s exploration of blockchain as critical infrastructure for public accountability.

Political Forces Emerging as Key Drivers of Altcoin Rally

FBS analysis highlights historically oversold conditions and forecasts a selective, institutionally driven rally shaped by political outcomes and regulatory clarity.

According to a recent study from brokerage firm FBS, the upcoming altcoin cycle is likely to look very different from the retail-fueled surges of the past. Analysts point to macroeconomic policy, elections, and global regulation as decisive factors for capital flows into digital assets. With altcoins at historically undervalued levels relative to Bitcoin, the market is setting up for a more disciplined rally—one anchored by institutional involvement and political frameworks rather than speculative momentum.

• Oversold foundation: Altcoins are trading at historically weak levels, suggesting room for recovery as capital rotates away from Bitcoin.
• Institutional concentration: FBS projects the next rally will favor a small group of politically resilient, institutionally supported assets rather than broad-based gains.
• Politics as a catalyst: Upcoming elections, legislation, and regulatory regimes are expected to exert direct influence on market sentiment and liquidity.
• End of retail-led cycles: Past “altseasons” were driven by retail speculation across hundreds of tokens, but analysts now expect gains to concentrate on a few credible projects.
• Global regulation in focus: European, Asian, and U.S. frameworks are likely to shape cross-border capital flows and institutional adoption.
• Durable growth path: While volatility remains part of the market, FBS suggests political clarity and institutional backing could support a more stable trajectory.

ETF Approvals Spark Movement Across Bitcoin, Ethereum, and Major Altcoins

Analysts forecast significant price action as over 90 digital asset ETFs gain approval, expanding institutional pathways into crypto.

Recent ETF approvals covering more than 90 digital assets are expected to reshape trading flows across Bitcoin, Ethereum, Solana, Chainlink, and Cardano. By offering regulated, exchange-traded exposure, these funds mark another milestone in crypto’s integration with traditional finance. Market observers believe the inflows could amplify institutional demand while also making the sector more accessible for retail investors through familiar investment vehicles.

• Broad ETF approval wave: Regulators greenlit over 90 crypto-related ETFs, spanning leading assets from Bitcoin to Cardano.
• Liquidity boost: The new products are expected to increase capital inflows and deepen market liquidity across approved tokens.
• Institutional on-ramps: ETFs provide compliance-friendly exposure, making it easier for asset managers and funds to allocate to crypto.
• Market leaders spotlighted: Bitcoin and Ethereum remain the core beneficiaries, while Solana, Chainlink, and Cardano are also positioned for increased adoption.
• Greater accessibility: Traditional investors gain exposure through regulated exchanges without needing direct custody of digital assets.
• Potential volatility: While approvals signal maturation, analysts caution that inflows could trigger sharp price movements in the near term.

Crypto Industry Sets New Fundraising Record

Record-breaking capital inflows underscore rising institutional confidence and expanding demand for digital asset infrastructure.

The digital asset industry has surpassed its previous fundraising high, with venture capital and institutional investors channeling record levels of funding into crypto companies and protocols. The milestone reflects sustained interest in blockchain infrastructure, decentralized finance, and tokenization projects, even amid broader market volatility. Analysts note that the trend highlights crypto’s transition from speculative asset class to recognized component of global financial markets.

• Fundraising peak achieved: Crypto firms collectively secured more funding this year than during any previous cycle, establishing a new benchmark for capital inflows into the sector. This milestone suggests that investor confidence in the long-term viability of digital assets remains strong, despite market pullbacks.
• Institutional capital leads the charge: Pension funds, hedge funds, and traditional asset managers played a larger role in funding rounds than in prior years. Their participation reflects growing comfort with the regulatory landscape and signals that crypto is moving further into mainstream portfolio allocations.
• Infrastructure in focus: A significant share of capital went to firms building the core plumbing of the digital asset ecosystem — exchanges, custodians, scaling technologies, and compliance solutions. These investments are designed to strengthen the foundation required for broader adoption across financial markets.
• DeFi and tokenization draw attention: Beyond infrastructure, venture dollars are increasingly targeting decentralized finance protocols, asset tokenization platforms, and payment solutions. This reflects investor interest in applications that could redefine how capital markets, lending, and cross-border transfers operate.
• Resilience in volatile markets: The fundraising record comes in a year marked by fluctuating token prices and uncertain macroeconomic conditions. The ability of companies to attract record capital in this environment highlights long-term conviction among investors, rather than short-term speculation.
• Fuel for future growth: Analysts suggest the capital raised will accelerate both technological development and institutional adoption, while also preparing the industry for deeper engagement with regulators as digital assets become an embedded part of global finance.

Industry Leaders Urge Lawmakers to Protect Crypto Developers

Over 100 crypto organizations call on policymakers to safeguard open-source innovation and shield developers from liability risks.

A coalition of more than 100 crypto companies, advocacy groups, and industry organizations has signed a letter urging U.S. lawmakers to implement legal protections for blockchain developers. The initiative emphasizes the importance of maintaining open-source innovation, arguing that without clear safeguards, developers face potential liability for how third parties use their code. Industry leaders warn that failing to address this issue could stifle innovation and push talent overseas, undermining U.S. competitiveness in the digital economy.

• Broad industry coalition: The letter was co-signed by over 100 stakeholders across the crypto sector, ranging from blockchain foundations and startups to advocacy groups and policy think tanks. This unified front reflects a rare consensus within the industry that protecting developers is essential to sustaining innovation.
• Core request to lawmakers: Signatories are urging Congress to pass legislation clarifying that open-source developers should not be held legally responsible for how others deploy or misuse their code. They argue this principle is fundamental to the broader software industry and must be explicitly extended to blockchain.
• Innovation at risk: Industry participants stress that without these protections, developers may abandon open-source projects or relocate to jurisdictions with more favorable legal frameworks. Such outcomes could slow the pace of blockchain development in the U.S. and erode the country’s position as a hub for digital asset innovation.
• Focus on competitiveness: The letter frames the issue as part of a larger economic and geopolitical challenge, warning that talent flight could cede leadership in blockchain to other nations. Ensuring strong developer protections is seen as critical for U.S. competitiveness in both financial and technological innovation.
• Precedent from broader tech sector: Advocates note that similar legal protections exist in other areas of software development, reinforcing the argument that blockchain developers deserve consistent treatment. They stress that holding open-source coders liable for downstream use would create a chilling effect across the entire sector.
• Call for urgent action: With crypto policy advancing on multiple fronts in Washington, industry leaders view this as a pivotal moment to ensure that legislative frameworks include explicit safeguards for developers. Failure to act, they argue, could have lasting consequences for innovation, entrepreneurship, and job creation.

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*Data from August 2025 subject to crystallization.