Join thousands of others who receive this daily analysis of crypto markets & news in their inbox every morning - subscribe now. Many organizations in crypto are in more trouble than people realize. First, crypto hedge funds are going to start shutting down due to high water mark issues. A high water mark is a contractual clause in fund documents that ensures fund managers only receive their performance fee (usually 20% of profits for crypto funds) if the fund’s net asset value is higher today than in any previous investment period.
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