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Home»ADOPTION NEWS»Pantera Capital posted a 66% gain in its cryptocurrency fund last quarter despite selling off Bitcoin: Bloomberg
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Pantera Capital posted a 66% gain in its cryptocurrency fund last quarter despite selling off Bitcoin: Bloomberg

By Crypto FlexsApril 6, 20242 Mins Read
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Pantera Capital posted a 66% gain in its cryptocurrency fund last quarter despite selling off Bitcoin: Bloomberg
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Market • April 6, 2024, 1:08 PM EDT

Posted 1 minute ago In ~

Pantera Capital, the first $5.2 billion asset manager solely focused on blockchain technology and digital assets, recorded a 66% gain in its Liquid Token Fund during the first quarter of 2024.

Profits were led by: Solana brush

+2.03%
And the following micro tokens: Ribbon Finance RBN

-1.10%
Aebo, and stack STX

+2.52%
According to Bloomberg reportThe fund sold a significant portion of its positions. Bitcoin BTC

+0.78%
and Ethereum ETH

+0.55%
Base token.

Pantera’s Liquid Token Fund manager explained that the fund has meaningfully reduced its “excessive” Bitcoin holdings each month so far this year. The fund also pivoted from positions involving Ethereum-based tokens as the odds of ETF approval in May became increasingly slim.

According to data from The Block, the fund’s returns are nearly identical to Bitcoin’s 66% year-to-date growth and are higher than the growth of Ethereum and the DeFi index.

The Block previously reported that Pantera had raised $250 million in a fund to purchase Solana tokens locked up in the FTX bankruptcy estate, despite some legal controversies over token ownership.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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