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, recently expressed surprise regarding the behavior of investors in Bitcoin and Ethereum exchange-traded funds (ETFs).

Having spent two decades at BlackRock, a financial institution with extensive market experience, Chalom anticipated strong interest in these new financial products. However, the unexpected element was the significant commitment shown by investors in holding onto their cryptocurrency ETF shares.

HODL Culture Extends to ETFs

The phenomenon, often referred to as ‘diamond hands’ in the crypto community, suggests a strong resistance to selling, even during market fluctuations. This long-term holding strategy, characteristic of many direct cryptocurrency investors, appears to have extended to the ETF space.

While the substantial capital inflow into these ETFs garnered wide attention, Chalom noted that the true surprise lay in the steadfastness of the investors once they had made their allocations. This observation highlights a unique aspect of cryptocurrency investing spilling over into traditional financial instruments.