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- Pantera Capital’s $300 million Liquid Token Fund ended Q1 with a 66% return.
- The positive factors of tokens like Solana, RBN, Aevo, and STX influenced the return.
- In the meantime, the Fund diminished investments in ETH-based tokens and BTC in Q1.
Pantera Capital’s Liquid Token Fund has emerged as a standout performer within the first quarter of this 12 months, netting practically 70% positive factors. Particularly, 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 efficiency particulars have been lately disclosed in a shareholder letter. Bloomberg captured particulars of the letter in a Saturday publication. Per the report, positive factors in numerous digital belongings, equivalent to RBN, Aevo, and STX, additionally bolstered the fund’s efficiency.
In the meantime, the fund minimized involvement with Bitcoin and Ethereum-related tokens by means of Q1. As outlined within the shareholder letter, the Liquid Token Fund diminished investments in Ethereum-related cash from January to March. Diminished prospects for Ethereum spot exchange-traded funds in the USA influenced the choice.
Throughout an interview, portfolio supervisor Cosmo Jiang confirmed the numerous discount within the fund’s Bitcoin holdings by over half throughout the final three months. “We’d been fairly heavy in Bitcoin till the beginning of the 12 months, and actually, like every month, we’ve decreased that Bitcoin place meaningfully,” Jiang remarked.
Bitcoin surged by 67% by means of the just-concluded quarter, peaking at a report excessive of $73,850 by mid-March. Concurrently, Solana (SOL) greater than doubled in worth over the identical interval. Particularly, SOL soared 128% from as little as $89 to $202 between January 1 and March 31. Nevertheless, following Bitcoin’s all-time excessive, the crypto rally has misplaced momentum.
Pantera Capital, a notable asset supervisor with belongings totaling $5.2 billion, entered the crypto funding area in 2013 and offers numerous funding merchandise. In March, the corporate initiated fundraising efforts for a fund to amass as much as $250 million value of Solana (SOL) from the FTX property.
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