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, has expressed surprise regarding the holding patterns of investors in Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs).

Having served as BlackRock’s digital assets strategy chief, Chalom observed an unanticipated level of investor commitment in these nascent crypto investment products. This insight comes over a year after the launch of BlackRock’s own BTC and ETH ETFs.

A Veteran’s Perspective

Chalom’s extensive background, including two decades at a financial institution managing over $10 trillion in assets, typically provides a comprehensive understanding of market dynamics. However, the behavior of these specific crypto ETF investors presented a novel observation.

Beyond the Inflow

While the substantial capital inflows and extensive media coverage surrounding these ETFs were notable, Chalom’s primary surprise stemmed not from the initial investment volume, but from the subsequent holding strategies adopted by investors.