TechFlow reports that Pantera Capital's Liquid Token fund achieved a 66% return in the first quarter, driven primarily by tokens such as Solana. At the same time, the fund significantly reduced its exposure to Bitcoin and Ethereum. Gains in digital assets including RBN, Aevo, and STX also contributed to the fund's performance. Fund managers stated that due to decreasing likelihood of U.S. approval for spot ETH ETFs, investments in tokens related to the Ethereum blockchain were reduced.
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