Unexpected Investor Behavior 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 digital assets strategy chief, Chalom observed the performance of these ETFs over the past year. While significant inflows and media attention were anticipated, the post-investment behavior of these particular investors was unexpected.
A Veteran’s Perspective
Chalom’s lengthy tenure at BlackRock, a financial institution with a history spanning nearly four decades and managing over $10 trillion in assets, provided him with extensive insight into market dynamics. Despite this experience, the consistent holding of BTC and ETH ETFs by investors presented a novel observation. This ‘diamond hand’ approach, referring to a strong tendency to hold investments long-term despite market fluctuations, caught the attention of the seasoned finance professional.
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