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