Bloomberg reports that Pantera Capital's Liquid Token Fund returned 66% in the first quarter of this year. This strong return was reportedly driven by investments in digital assets, specifically Solana (SOL).
The value of #Solana has nearly doubled in recent months, and earlier this week the #cryptocurrency briefly broke the $200 mark. As NewsBTC reported in March, Pantera launched a $250 million initiative to buy discounted Solana tokens from the heirs of bankrupt company FTX. It's worth noting that the purchase was made.
See also: Major Shiba Inu deal jumped more than 1000% - are the whales ready to raise the price to $BTC The Solana #token is currently valued at around $179, reflecting a 2.3% increase in price over the past 24 hours. Altcoin ranks fifth in the cryptocurrency sector in terms of market capitalization.
According to a shareholder letter (see Bloomberg), gains from smaller cryptocurrencies and DeFi tokens including Ribbon Finance (RBN), Aevo and Stacks (STX) have also contributed to Liquid Token Fund's strong performance this year.
According to TradingView data, RBN tokens are up more than 315% year-to-date and Aevo is up nearly 200% in three months; Stacks tokens have also seen significant value growth, jumping more than 110% in 2024.
Jiang, a portfolio manager at Cosmo, said in an interview:
"We were pretty optimistic about #bitcoin before the beginning of the year, but every month we are significantly reducing our bitcoin positions.
In the first quarter of this year, the price of bitcoin rose by more than 60%, and this growth was largely due to the launch of a bitcoin spot ETF fund in the US. In March, the exchange rate of the main cryptocurrency reached an all-time high of $73,798, but it is now 5% below that price.
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