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Pantera Capital’s Liquid Token Fund, with assets totaling around $300 million, reported a 66% gain in the first quarter. 
This was largely driven by investments in cryptocurrencies like Solana while reducing its stakes in Bitcoin and Ethereum-related assets. 
According to <a href="https://www.bloomberg.com/news/articles/2024-04-06/pantera-capital-crypto-fund-posts-66-gain-aided-by-solana-sol-token" target="_blank" rel="">Bloomberg</a>, altcoins such as RBN, Aevo, and STX also contributed to this impressive first-quarter performance.&nbsp; 
During the same period, <a href="https://crypto.news/price/bitcoin/" rel="">Bitcoin</a> saw a 67% increase, hitting a peak of $73,798 by mid-March, only to experience a slight decline thereafter. 
In contrast, <a href="https://crypto.news/price/solana/" rel="">Solana’s</a> value nearly doubled. Prices for Bitcoin and Solana were recorded at $67,540 and $174, respectively, at last check on Saturday, April 6. 
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<a href="https://panteracapital.com/funds/liquid-token-fund/" target="_blank" rel="">Pantera</a> mostly focused on Bitcoin investments until January. 
However, anticipating a wider bull market, the fund continuously decreased its Bitcoin position monthly and diversified its portfolio with other popular tokens.&nbsp; 
The fund also scaled back on investments in Ethereum-based tokens, influenced by challenges including diminished expectations for the U.S. approval of spot-Ether exchange-traded funds (ETFs). 
With $5.2 billion under management, Pantera Capital has been an active player in the cryptocurrency market since 2013, offering various investment products. 
Earlier this week, the firm <a href="https://crypto.news/ftx-solana-discount-sale/" rel="">bought</a> a large portion of FTX’s $1.9 billion worth of Solana holdings at a discount price.&nbsp; 
 Read more: <a href="https://crypto.news/uniswap-trading-volume-record/" rel=""> Uniswap all-time trading volume hits $2t </a>

Pantera Capital crypto fund gains 66% with Solana, altcoins

crypto.news

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