Unexpected Investor Loyalty for Crypto ETFs
Joseph Chalom, co-CEO of Sharplink Gaming and a former BlackRock executive, has expressed surprise regarding the sustained dedication of investors in Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs).
Having played a key role in BlackRock’s digital assets strategy, Chalom observed investor behavior in these ETFs following their launch over a year ago.
A Surprising Market Trend
BlackRock, a financial institution with a nearly 40-year history and over $10 trillion in assets under management, has navigated numerous market cycles. Yet, the actions of cryptocurrency ETF investors presented an unexpected development. It wasn’t the significant capital influx into these funds or the extensive media coverage that caught Chalom’s attention.
Instead, the surprising element was the steadfast holding patterns exhibited by investors once they had positioned themselves in these digital asset ETFs. This observed ‘hodling’ behavior, a term originating from the crypto community for holding onto assets despite price fluctuations, indicates a strong commitment among these new ETF participants.
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