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 a long history and substantial assets under management, Chalom might seem unimpressionable. However, the unexpected trend he observed was not the significant capital inflows or extensive media coverage following the debut of these ETFs.
The ‘Diamond Hands’ Phenomenon
What truly caught Chalom’s attention was the steadfast holding patterns of investors. Even more than a year after their launch, the sustained commitment, often referred to as ‘diamond hands,’ exhibited by those investing in BlackRock’s Bitcoin and Ethereum ETFs proved to be a notable surprise.
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