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 and Ethereum exchange-traded funds (ETFs).
Having previously served as BlackRock’s head of digital assets strategy, Chalom observed investor behavior in these ETFs over a year after their introduction.
A Veteran’s Perspective
BlackRock, a financial titan with nearly four decades of history and over $10 trillion in assets under management, has navigated numerous market cycles. However, Chalom, a 20-year veteran of the firm, noted that the distinctive holding behavior of crypto ETF investors was particularly striking.
Beyond Inflows and Headlines
The surprise was not the substantial capital inflows into these ETFs, nor the extensive media coverage they received. Instead, Chalom’s observation focused on the remarkable disposition of investors once they had acquired shares in the funds. This indicates a strong inclination among these investors to retain their positions rather than trade them frequently.
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