Unexpected Investor Behavior in Crypto ETFs
Joseph Chalom, co-CEO of Sharplink Gaming and a former BlackRock executive, has expressed surprise regarding the holding patterns of investors in Bitcoin and Ethereum exchange-traded funds (ETFs).
He observed that the steadfastness of these investors, often referred to as ‘diamond hands,’ was an unexpected factor after over a year of these ETFs being available.
A Veteran’s Observation
Chalom, who previously served as BlackRock’s digital assets strategy chief, noted the distinct behavior of these crypto ETF holders. His career spans two decades at BlackRock, an institution with a nearly 40-year history and over $10 trillion in assets under management.
Despite the significant capital inflow and widespread media coverage surrounding these new financial products, Chalom indicated that the most striking element was how investors chose to manage their holdings over time rather than the initial excitement or investment volume.
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