Unexpected Investor Loyalty: A Bitcoin and Ethereum ETF Phenomenon
Joseph Chalom, co-CEO of Sharplink Gaming and a veteran of BlackRock, recently expressed surprise regarding the behavior of investors in Bitcoin and Ethereum exchange-traded funds (ETFs).
Having served as BlackRock’s former digital assets strategy chief, Chalom observed an unexpected level of retention among these ETF holders, even a year after their introduction.
A New Investment Dynamic
BlackRock, with its extensive history spanning nearly four decades and navigating numerous market cycles to manage over $10 trillion in assets, is a company familiar with diverse investor trends.
Chalom’s astonishment wasn’t triggered by the substantial capital inflows or widespread media attention surrounding these digital asset products. Instead, the remarkable aspect for him was the steadfastness of investors once they had allocated capital to the Bitcoin and Ethereum ETFs. This indicates a different kind of investor engagement than typically anticipated for new financial instruments.
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