Grasshopper Capital Fund I LP was first launched in 2017. The fund was a long only actively managed token fund focused primarily on infrastructure opportunities in the blockchain ecosystem. The fund was closed in 2018 as the investment manager believed the medium term return profile for the sector had shifted away from publicly listed tokens. The fund returned 29.28%, significantly outperforming BTC, from inception until it was closed in late 2018.

The General Partners of the Fund I LP are highly regarded in the industry and have frequently been referenced in Forbes, WSJ, Financial Times, Business Insider as well as a significant number of industry publications. They have also been integral as the lead advisers for the US state of Ohio for their recent initiative for accepting BTC for business tax, and remain involved in the future funds of Grasshopper Capital.