在 Solana 和非以太坊资产的推动下，Pantera Capital 的 Liquid 代币基金第一季度飙升 66%

在 Solana 等加密货币以及比特币和以太坊代币敞口减少的推动下，Pantera Capital 的 Liquid 代币基金在 2024 年第一季度实现了 66% 的惊人回报。 RBN、Aevo 和 STX 也为强劲表现做出了贡献。然而，该基金将比特币持有量减少了一半以上，理由是以太坊相关投资面临阻力。

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

在 Solana 和非以太坊资产的带动下，Pantera Capital 的 Liquid 代币基金第一季度飙升 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 基金是一个价值 3 亿美元的投资工具，在 2024 年第一季度实现了令人印象深刻的 66% 回报率。这种飙升是由多种因素推动的，包括战略资产配置、有利的资产配置、市场环境，以及该基金对非比特币和以太坊相关代币的关注。

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.

根据彭博社获得的一封股东信，该基金受益于多种数字资产的收益，包括 RBN、Aevo 和 STX。这些山寨币的强劲表现对整体回报做出了重大贡献。此外，领先的区块链平台 Solana 的崛起也发挥了至关重要的作用，该代币的价值在本季度几乎翻了一番。

"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 首席执行官 Dan Morehead 表示：“我们对 Liquid Token 基金第一季度的表现感到满意。” “我们积极的投资组合管理和对优质资产的关注使我们能够利用不断增长的加密货币市场。”

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.

该基金的业绩凸显了 Pantera Capital 在识别和投资有前途的区块链项目方面的专业知识。该公司自 2013 年以来一直是加密行业的先驱，管理着总计 52 亿美元的资产。

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，由于美国现货以太坊交易所交易基金（ETF）监管不确定性等不利因素，近几个月来，Liquid Token Fund 减少了对以太坊相关代币的投资。

"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 投资组合经理 Cosmo Jiang 表示：“鉴于监管可能会减缓生态系统的增长，我们一直在减仓以太坊资产。”

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.

该基金在过去三个月中还大幅减少了一半以上的比特币持有量。这一战略举措是出于多元化和利用其他加密货币市场机会的愿望推动的。

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

“我们一直在减少比特币头寸，因为我们看到其他加密货币有更大的上行潜力，”姜说。

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 年初以来，在直接持有比特币的美国 ETF 推出的推动下，加密货币市场出现了大幅上涨。风险偏好的飙升也有利于规模较小的代币和基于 meme 的资产。然而，随着交易员调整了对美联储收紧货币政策的预期，比特币创下历史新高后，涨势已经降温。

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.

尽管最近出现回调，但 Pantera Capital 仍然看好加密市场的长期前景。公司正在积极寻找创新区块链项目的投资机会，并相信数字资产将继续在全球金融体系中发挥越来越重要的作用。

"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：“我们相信加密货币市场拥有光明的未来，我们的 Liquid Token 基金处于有利位置，可以抓住这一动态资产类别的增长潜力。”