Pantera Capital’s Liquid Token Fund, which has roughly $300 million in complete property, reported a 66% achieve within the first quarter.
This was primarily pushed by investments in cryptocurrencies similar to Solana, whereas decreasing stakes in Bitcoin and Ethereum associated property.
in response to bloombergAltcoins similar to , RBN, Aevo, and STX additionally contributed to this spectacular Q1 efficiency.
Over the identical interval, Bitcoin rose 67%, reaching a peak of $73,798 by mid-March, however has declined barely since then.
In distinction, Solana’s worth has almost doubled. Bitcoin and Solana costs have been recorded at $67,540 and $174, respectively, eventually examine on Saturday, April sixth.
pantera Till January, I used to be primarily centered on Bitcoin investing.
Nonetheless, in anticipation of a broader bull market, the fund has constantly diminished its Bitcoin place every month and diversified its portfolio with different common tokens.
The fund additionally diminished its investments in Ethereum-based tokens, affected by challenges similar to decrease expectations for U.S. approval of the Spot Ether ETF (exchange-traded fund).
Pantera Capital has $5.2 billion underneath administration and has been energetic within the crypto market since 2013, providing quite a lot of funding merchandise.
Earlier this week, the corporate purchased a big portion of FTX’s $1.9 billion price of Solana inventory at a reduction.
