Sharplink exec shocked by level of BTC and ETH ETF hodling:

Unexpected Investor Loyalty in Crypto ETFs

Joseph Chalom, co-CEO of Sharplink Gaming and a former BlackRock executive, has expressed surprise regarding the sustained holding patterns observed among investors in Bitcoin and Ethereum exchange-traded funds (ETFs).

Having spent two decades at BlackRock, a firm with extensive experience across various market cycles and managing over $10 trillion in assets, Chalom expected a different investor response following the ETFs’ debut over a year ago.

The ‘Diamond Hands’ Phenomenon

While the significant influx of billions of dollars into these ETFs and the extensive media coverage were anticipated, what truly stood out to Chalom was the long-term commitment demonstrated by these investors. He noted the strong tendency of participants to hold onto their investments, a characteristic often referred to as ‘diamond hands’ in the crypto community.

This behavior, diverging from typical short-term trading patterns sometimes seen in new financial products, has been a key takeaway from the performance of these crypto ETFs.