Odaily Planet Daily News: Liquid Token Fund, a fund of approximately $300 million under crypto asset management giant Pantera Capital, achieved a 66% return in the first quarter, mainly benefiting from the rise of tokens such as Solana (SOL) and a substantial reduction in exposure to Bitcoin and Ethereum-related tokens. According to a letter from Pantera Capital to shareholders, in addition to Solana, the rise of crypto assets such as RBN, Aevo and STX also contributed to the first quarter's performance. In addition, considering factors such as the reduced possibility of the United States approving a spot Ethereum ETF, the fund has reduced its investment in Ethereum-related tokens. Portfolio manager Cosmo Jiang said in an interview that the fund has reduced its Bitcoin holdings by more than half in the past three months. He said: "Before the beginning of this year, we had been holding a large amount of Bitcoin, and since then we have been significantly reducing our Bitcoin holdings almost every month." (Bloomberg)