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Pantera Capital’s $300M Fund Records 66% Gain After Dumping Bitcoin for Solana


by CoinEdition
Pantera Capital’s $300M Fund Records 66% Gain
  • Pantera Capital’s $300 million Liquid Token Fund ended Q1 with a 66% return.
  • The gains of tokens like Solana, RBN, Aevo, and STX influenced the return.
  • Meanwhile, the Fund reduced investments in ETH-based tokens and BTC in Q1.

Pantera Capital’s Liquid Token Fund has emerged as a standout performer in the first quarter of this year, netting nearly 70% gains. In particular, Pantera Capital’s $300 million fund concluded Q1 with a notable 66% return, buoyed by the success of cryptocurrencies like Solana.

Pantera Capital’s Liquid Token Fund performance details were recently disclosed in a shareholder letter. Bloomberg captured details of the letter in a Saturday publication. Per the report, gains in various digital assets, such as RBN, Aevo, and STX, also bolstered the fund’s performance.

Meanwhile, the fund minimized involvement with Bitcoin and Ethereum-related tokens through Q1. As outlined in the shareholder letter, the Liquid Token Fund reduced investments in Ethereum-related coins from January to March. Diminished prospects for Ethereum spot exchange-traded funds in the United States influenced the decision. 

During an interview, portfolio mana…

The post Pantera Capital’s $300M Fund Records 66% Gain After Dumping Bitcoin for Solana appeared first on Coin Edition.

Read the article at CoinEdition

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Pantera Capital’s $300M Fund Records 66% Gain After Dumping Bitcoin for Solana


by CoinEdition
Pantera Capital’s $300M Fund Records 66% Gain
  • Pantera Capital’s $300 million Liquid Token Fund ended Q1 with a 66% return.
  • The gains of tokens like Solana, RBN, Aevo, and STX influenced the return.
  • Meanwhile, the Fund reduced investments in ETH-based tokens and BTC in Q1.

Pantera Capital’s Liquid Token Fund has emerged as a standout performer in the first quarter of this year, netting nearly 70% gains. In particular, Pantera Capital’s $300 million fund concluded Q1 with a notable 66% return, buoyed by the success of cryptocurrencies like Solana.

Pantera Capital’s Liquid Token Fund performance details were recently disclosed in a shareholder letter. Bloomberg captured details of the letter in a Saturday publication. Per the report, gains in various digital assets, such as RBN, Aevo, and STX, also bolstered the fund’s performance.

Meanwhile, the fund minimized involvement with Bitcoin and Ethereum-related tokens through Q1. As outlined in the shareholder letter, the Liquid Token Fund reduced investments in Ethereum-related coins from January to March. Diminished prospects for Ethereum spot exchange-traded funds in the United States influenced the decision. 

During an interview, portfolio mana…

The post Pantera Capital’s $300M Fund Records 66% Gain After Dumping Bitcoin for Solana appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Why is Bitcoin and Crypto Dumping Today?

Why is Bitcoin and Crypto Dumping Today?

Bitcoin has stumbled once again, slipping under the $110,000 mark, as global markets ...
Bitcoin, Ethereum, and XRP Dump as $500 Million in Crypto Gets Liquidated: Here is What Happened

Bitcoin, Ethereum, and XRP Dump as $500 Million in Crypto Gets Liquidated: Here is What Happened

Bitcoin tumbled below $109,000 on Friday, dragging much of the crypto market down wit...