在 Solana 和非以太坊資產的推動下，Pantera Capital 的 Liquid 代幣基金第一季飆升 66%

在 Solana 等加密貨幣以及比特幣和以太坊代幣敞口減少的推動下，Pantera Capital 的 Liquid 代幣基金在 2024 年第一季實現了 66% 的驚人回報。 RBN、Aevo 和 STX 也為強勁表現做出了貢獻。然而，該基金將比特幣持有量減少了一半以上，理由是以太坊相關投資面臨阻力。

Pantera Capital's Liquid Token Fund Surges 66% in Q1, Led by Solana and Non-Ethereum Assets

在 Solana 和非以太坊資產的推動下，Pantera Capital 的 Liquid 代幣基金第一季飆升 66%

(Singapore, April 1) - Pantera Capital's Liquid Token Fund, a $300 million investment vehicle, has delivered an impressive 66% return in the first quarter of 2024. This surge was driven by a combination of factors, including strategic asset allocation, a favorable market environment, and the fund's focus on non-Bitcoin and Ethereum-linked tokens.

（新加坡，4 月1 日）- Pantera Capital 的Liquid Token 基金是一個價值3 億美元的投資工具，在2024 年第一季實現了令人印象深刻的66% 回報率。這種飆升是由多種因素推動的，包括戰略資產配置、有利的資產配置、市場環境，以及基金對非比特幣和以太坊相關代幣的關注。

According to a shareholder letter obtained by Bloomberg News, the fund benefited from gains in several digital assets, including RBN, Aevo, and STX. These altcoins' strong performance contributed significantly to the overall return. Additionally, the rise of Solana, a leading blockchain platform, played a crucial role, with the token nearly doubling in value during the quarter.

根據彭博社獲得的一封股東信，該基金受益於多種數位資產的收益，包括 RBN、Aevo 和 STX。這些山寨幣的強勁表現對整體回報做出了重大貢獻。此外，領先的區塊鏈平台 Solana 的崛起也發揮了至關重要的作用，該代幣的價值在本季度幾乎翻了一番。

"We are pleased with the performance of the Liquid Token Fund in the first quarter," said Dan Morehead, CEO of Pantera Capital. "Our active portfolio management and focus on high-quality assets have enabled us to capitalize on the growing crypto market."

Pantera Capital 執行長 Dan Morehead 表示：“我們對 Liquid Token 基金第一季的表現感到滿意。” “我們積極的投資組合管理和對優質資產的關注使我們能夠利用不斷增長的加密貨幣市場。”

The fund's performance highlights Pantera Capital's expertise in identifying and investing in promising blockchain projects. The company has been a pioneer in the crypto industry since 2013 and manages a total of $5.2 billion in assets.

該基金的表現凸顯了 Pantera Capital 在識別和投資有前途的區塊鏈項目方面的專業知識。該公司自 2013 年以來一直是加密產業的先驅，管理著總計 52 億美元的資產。

Interestingly, the Liquid Token Fund has reduced its exposure to Ethereum-linked tokens in recent months due to headwinds such as regulatory uncertainty surrounding spot-Ether exchange-traded funds (ETFs) in the United States.

有趣的是，由於美國現貨以太坊交易所交易基金（ETF）監管不確定性等不利因素，近幾個月來，Liquid Token Fund 減少了對以太坊相關代幣的投資。

"We have been lightening up on Ethereum assets given the potential for regulation to slow down the growth of the ecosystem," said Cosmo Jiang, portfolio manager at Pantera Capital.

Pantera Capital 投資組合經理 Cosmo Jiang 表示：“鑑於監管可能會減緩生態系統的成長，我們一直在減倉以太坊資產。”

The fund has also significantly decreased its Bitcoin holdings by more than half in the past three months. This strategic move was driven by a desire to diversify and take advantage of opportunities in other crypto markets.

該基金在過去三個月中也大幅減少了一半以上的比特幣持有量。這項策略性舉措是出於多元化和利用其他加密貨幣市場機會的願望所推動的。

"We have been reducing our Bitcoin position because we see more upside potential in other cryptocurrencies," said Jiang.

「我們一直在減少比特幣頭寸，因為我們看到其他加密貨幣有更大的上行潛力，」姜說。

The crypto market has witnessed a significant rally since the start of 2023, driven by the launch of U.S. ETFs that directly hold Bitcoin. This surge in risk appetite has also benefited smaller tokens and meme-based assets. However, the rally has since cooled after Bitcoin reached its all-time high as traders have adjusted their expectations regarding monetary policy tightening by the Federal Reserve.

自 2023 年初以來，在直接持有比特幣的美國 ETF 推出的推動下，加密貨幣市場出現了大幅上漲。風險偏好的飆升也有利於規模較小的代幣和基於 meme 的資產。然而，隨著交易員調整了對聯準會收緊貨幣政策的預期，比特幣創下歷史新高後，漲勢已經降溫。

Despite the recent pullback, Pantera Capital remains bullish on the long-term prospects of the crypto market. The company is actively seeking out investment opportunities in innovative blockchain projects and believes that digital assets will continue to play an increasingly important role in the global financial system.

儘管最近出現回調，但 Pantera Capital 仍然看好加密市場的長期前景。公司正在積極尋找創新區塊鏈項目的投資機會，並相信數位資產將繼續在全球金融體系中發揮越來越重要的作用。

"We are confident that the crypto market has a bright future and that our Liquid Token Fund is well-positioned to capture the growth potential of this dynamic asset class," said Morehead.

Morehead 表示：“我們相信加密貨幣市場擁有光明的未來，我們的 Liquid Token 基金處於有利位置，可以抓住這一動態資產類別的成長潛力。”