Cryptocurrencies
Crypto Hedge Fund Pantera Says Returns Outpaced Bitcoin in April
- Digital Asset Fund is still down 34 percent year-to-date
- Winter slump was likely tied to tax-related selling, firm says
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Bitcoin had a pretty good April. Pantera Capital had an even better one.
The hedge fund’s Digital Asset Fund, which was launched in November and includes a number of different virtual currencies, surged 46 percent last month, compared with a 31 percent gain registered by the biggest digital coin, Pantera said in an investor letter Wednesday, citing “dynamic trading” for the strong performance.