Unexpected Investor Loyalty in Crypto ETFs
Joseph Chalom, co-CEO of Sharplink Gaming and a former BlackRock executive, has expressed surprise regarding the strong holding patterns observed among investors in Bitcoin and Ethereum exchange-traded funds (ETFs).
Having previously served as BlackRock’s digital assets strategy chief, Chalom noted that the sustained holding behavior, or ‘hodling,’ of these crypto ETF investors was an unexpected outcome a year after their introduction.
A New Trend in Investment Behavior
For a veteran with over two decades of experience at a major financial institution like BlackRock, a company that has navigated numerous market cycles and manages trillions in assets, identifying a surprising trend is notable. Chalom indicated that his surprise wasn’t related to the substantial capital inflows or the extensive media coverage the ETFs received.
Instead, the remarkable aspect was the steadfastness of investors once they had allocated capital to these crypto-backed products. This suggests a unique level of commitment among participants in the digital asset space, even within the regulated framework of an ETF.
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