Pantera Capital’s Liquid Token Fund Soars 66% in Q1 2024, Diversifies Beyond Bitcoin and Ethereum

Bitcoin Twitter Handles You Should Follow For Latest Updates

Pantera Capital’s Liquid Token Fund Soars 66% in Q1 2024, Diversifies Beyond Bitcoin and Ethereum

Pantera Capital, a pioneering $5.2 billion asset management firm dedicated exclusively to blockchain and digital assets, has reported a 66% increase in its Liquid Token Fund for the first quarter of 2024.

This surge was primarily driven by investments in Solana and lesser-known tokens like Ribbon Finance, Aevo, and Stacks, as reported by Bloomberg. Concurrently, the fund has significantly reduced its holdings in Bitcoin and Ethereum-based assets.

Bitcoin Twitter Handles You Should Follow For Latest Updates
Bitcoin

The head of Pantera’s Liquid Token Fund disclosed a strategic reduction in Bitcoin holdings each month of the current year. Additionally, the fund has shifted away from Ethereum-related investments due to diminishing prospects of ETF approval in May.

The fund’s performance mirrors Bitcoin’s 66% year-to-date growth and surpasses both Ethereum’s increase and the growth of the DeFi index, as per data from The Block.

In a bold move, Pantera had also established a $250 million fund aimed at acquiring locked Solana tokens from the FTX bankruptcy estate, despite ongoing legal disputes over the tokens’ ownership.

Also Read, Blackrock Expands Authorized Participants for Its Bitcoin ETF to Nine Elite Financial Institutions

Federal Appeals Court Revives Lawsuit Against Coinbase Over Unregistered Securities Claims

Bookmark and Follow us for More Business News

Pooja Chauhan

Pooja Chauhan: Your Source for Entertainment and Box Office News Pooja Chauhan is a passionate writer and dedicated journalist specializing in delivering the latest updates and insights from the world of entertainment and box office. With a keen eye for detail and a deep love for cinema, Pooja brings her readers accurate and engaging coverage of all things related to movies, celebrities, and the dynamic world of showbiz. Her commitment to keeping her audience well-informed and entertained makes her a valuable voice in the realm of entertainment journalism. When she's not busy uncovering the latest scoops, Pooja enjoys exploring classic films and indulging in creative writing." Contact us: admin@bollywoodfever.co.in

Leave a Reply