Sharplink CEO: ETF fund outflows are a normal indication of product operation and not a market signal.

CoinFeed reported on May 31 that Sharplink CEO Joseph Chalom stated in an interview that ETF outflows are a normal functioning of the product, not a market signal. “ETFs and DATs are beta exposures to the underlying assets. Their job is not to drive up prices. Their job is to provide a better investment tool than directly holding the spot market. BlackRock, Fidelity, Franklin Templeton—their role is not to create demand, but to provide better investment tools. In the cryptocurrency space, people buy when prices rise. In all other markets, people buy when prices fall. Retail investors panic and sell, market sentiment is low. This is exactly when Warren Buffett buys.”