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).
Having previously served as BlackRock’s head of digital assets strategy, Chalom observed an unforeseen level of commitment from these investors, often referred to as ‘hodlers.’ This revelation comes over a year after the initial launch of these BlackRock-managed crypto ETFs.
A Seasoned Perspective
Chalom’s career at BlackRock spanned two decades, during which he witnessed numerous market fluctuations and the company’s growth to manage over $10 trillion in assets. Yet, the behavior of these specific ETF investors proved to be a new experience.
Despite the significant capital inflow into these funds and the extensive media coverage, it was the long-term investment approach adopted by participants that genuinely stood out to him, rather than the sheer volume of investment or the public attention generated.
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