Unexpected Investor Loyalty in Crypto ETFs
Joseph Chalom, co-CEO of Sharplink Gaming and a former BlackRock executive, recently expressed his astonishment regarding the long-term holding patterns observed in Bitcoin and Ethereum exchange-traded funds (ETFs).
Having spent two decades at BlackRock, a financial institution with a long history of navigating diverse market conditions and managing vast assets, Chalom noted that the high level of investor retention in these crypto ETFs was particularly surprising.
HODL Mentality Exceeds Expectations
While the substantial capital inflows and extensive media coverage surrounding BlackRock’s Bitcoin and Ethereum ETFs were notable, Chalom indicated that these factors were not the source of his surprise. Instead, it was the sustained commitment of investors to holding their positions that stood out. This ‘diamond hands’ approach, or the tendency to hold onto assets despite market volatility, presented an unexpected characteristic among participants in these relatively new financial products.
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