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 holding patterns of Bitcoin and Ethereum ETF investors. His observations come over a year after these pioneering ETFs launched.

A Veteran’s Perspective

Chalom, who previously served as BlackRock’s head of digital assets strategy, spent two decades at the financial institution. BlackRock, a company with a nearly 40-year history and over $10 trillion in assets under management, has navigated numerous market cycles.

Despite this extensive experience, Chalom noted that the behavior of investors in the Bitcoin and Ethereum ETFs was unexpected. He clarified that his surprise wasn’t related to the significant capital inflows or the extensive media coverage the ETFs received.

The ‘Diamond Hands’ Phenomenon

Instead, Chalom highlighted the remarkable persistence of investors in holding onto their ETF shares. This strong commitment, often referred to as ‘diamond hands’ in the crypto community, intrigued the seasoned financial professional. The consistent holding behavior of these investors has become a notable aspect of the crypto ETF landscape.