Unexpected Investor Loyalty in Crypto ETFs
Joseph Chalom, co-CEO of Sharplink Gaming and a former BlackRock executive, recently expressed surprise regarding the holding patterns of investors in Bitcoin and Ethereum exchange-traded funds (ETFs).
A Veteran’s Observation
Chalom, who previously served as BlackRock’s digital assets strategy chief, noted that the sustained commitment of these ETF holders was particularly striking. Despite BlackRock’s extensive experience across various market cycles and its substantial assets under management, the degree of investor retention in these nascent crypto ETFs stood out.
Beyond Inflows and Headlines
The unexpected element for Chalom wasn’t the significant capital inflows or the extensive media coverage surrounding these ETFs. Instead, it was the persistent holding behavior demonstrated by investors once they had entered these funds. This observation highlights a potentially unique characteristic of the cryptocurrency ETF market compared to traditional asset classes.
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