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Strategies & Market Trends : Bitcoin
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To: Glenn Petersen who wrote (428)12/19/2017 8:50:12 PM
From: Elroy  Read Replies (1) of 963
 
Investors have taken out Bitcoins worth around $1.7 billion to hold for themselves, to avoid paying Pantera’s 0.75 percent annual fees.


I'll bet they were more concerned with the normal hedge fund 20% of profits fee. If this fund just bought Bitcoin, and held it, you've gotta wonder why an investor would want to pay a hedge fund level performance fee.

The next major correction in the cryptos will shake out the weak funds and exchanges.

Why? I would think a price dip would only hurt exchanges or funds that are leveraged.
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