Sharplink exec shocked by level of BTC and ETH ETF hodling:

Unexpected Investor Loyalty in Crypto ETFs

Joseph Chalom, co-CEO of Sharplink Gaming and a former BlackRock executive, expressed surprise regarding the sustained holding patterns of investors in Bitcoin and Ethereum exchange-traded funds (ETFs).

Having served as BlackRock’s digital assets strategy chief, Chalom observed that the behavior of these ETF holders exceeded his expectations. This sentiment comes over a year after the launch of these popular crypto investment products.

A New Investment Dynamic

While BlackRock, with its nearly four-decade history and over $10 trillion in managed assets, has navigated countless market cycles, Chalom highlighted a distinct characteristic within crypto ETF investments. He indicated that the significant capital inflows and widespread media attention surrounding these ETFs were not the most surprising element.

Instead, Chalom pinpointed the strong inclination of investors to hold onto their positions, often referred to as ‘diamond hands,’ as the truly unexpected phenomenon. This suggests a unique level of commitment among those entering the crypto ETF market.