Posted 4/7/2024, 4:56:09 PM
Pantera Capital's Altcoin Bets Pay Off With 66% Q1 Gains As Bitcoin and Ethereum Get Cut
- Pantera Capital's Liquid Token Fund gained 66% in Q1 2024 due to altcoins like Solana, Aevo, Ribbon Finance, and Stacks
- The fund reduced exposure to Bitcoin and Ethereum and allocated more to smaller cap altcoins
- Pantera cut back on Ethereum assets due to lower odds of an Ethereum ETF being approved
- The fund has been steadily reducing its Bitcoin exposure since the start of 2024
- Pantera engaged in efforts to raise $250 million to purchase Solana from bankrupt crypto exchange FTX
