Sharplink CEO: ETF outflows are a sign of normal product operation, not a market signal

On May 31, Sharplink CEO Joseph Chalom stated in an interview that ETF outflows are a sign of the product functioning normally, not a market signal. "ETFs and DATs are beta exposure to the underlying asset. Their job is not to drive up prices. Their job is to provide a better investment vehicle than holding spot directly. BlackRock, Fidelity, Franklin Templeton, their job is not to create demand, but to provide better investment vehicles. In crypto, people buy when prices go up. In all other markets, people buy when prices go down. Retail investors panic sell, sentiment is low. This is exactly when Warren Buffett buys."