Market Cap
24h Vol
6566
Cryptocurrencies
51.43%
Bitcoin Share

Pantera Capital’s Liquid Token Fund Soars 66% in Q1 2024, Fueled by Strategic Crypto Investments and Reduced Bitcoin Exposure

Pantera Capital’s Liquid Token Fund Soars 66% in Q1 2024, Fueled by Strategic Crypto Investments and Reduced Bitcoin Exposure


CryptoIntelligence
2024-04-07 23:07:03

In the first quarter of 2024, Pantera Capital’s Liquid Token Fund delivered an impressive 66% return, buoyed by strategic investments in various crypto tokens, including the notable Solana (SOL). A shareholder letter obtained by Bloomberg reveals that the fund’s stellar performance from January through March also benefited from investments in Ribbon Finance (RBN) and Stacks, even as it scaled back on Bitcoin and Ether exposures. Cosmo Jiang, the portfolio manager, shared with Bloomberg the fund’s strategic shift away from Bitcoin, noting a significant reduction in Bitcoin holdings since the year’s start. Jiang emphasized the deliberate reduction in Bitcoin exposure, stating,


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.