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 behavior of investors in Bitcoin and Ethereum exchange-traded funds (ETFs).
Having worked at BlackRock for two decades, Chalom observed the performance of these crypto ETFs more than a year after their introduction.
A Veteran’s Perspective
BlackRock, a financial institution with nearly 40 years of experience and over $10 trillion in assets under management, has navigated numerous market cycles. However, even for a former digital assets strategy chief from such a firm, the specific actions of ETF investors proved noteworthy. It wasn’t merely the significant capital inflows or the extensive media coverage that caught his attention.
The “HODL” Phenomenon
Instead, Chalom highlighted the unexpected steadfastness of investors once they had allocated funds to these crypto ETFs. This observation points to a strong belief in the long-term potential of these digital assets among ETF holders.
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