Unexpected Investor Loyalty in Crypto ETFs
The enduring commitment of investors in Bitcoin and Ethereum exchange-traded funds (ETFs) has surprised many, including prominent figures in the financial industry. Joseph Chalom, co-CEO of Sharplink Gaming and a former BlackRock executive, recently commented on this trend.
A Veteran’s Perspective on Hodling
Chalom, who previously led BlackRock’s digital assets strategy, expressed his astonishment at the dedication shown by these ETF holders. Despite his extensive experience in the financial sector, spanning two decades at a firm managing over $10 trillion in assets, the level of investor retention caught him off guard.
Beyond Market Inflows and Headlines
The surprise was not rooted in the substantial capital flowing into these ETFs or the widespread media attention they garnered. Instead, it was the specific behavior of investors once they had allocated capital to these digital asset products that proved most remarkable to Chalom. The tendency of investors to hold onto their positions, often referred to as ‘hodling’ in the crypto community, surpassed initial expectations for these relatively new financial instruments.
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