Unshaken By Market Meltdown

According to Balchunas, during this chaotic period whereby panic selling may be seen as the norm, BlackRock investors particularly showcased a strong level of resilience by not liquidating any portion of their cryptocurrency holdings.

What makes this more interesting is that these same investors had already endured about an 8% loss the previous week and were facing additional losses during the Bitcoin market crash. Balchunas noted:

Compared to some of these degens these boomers [Blackrock investors] are like the Rock of Gibraltar. You guys are so lucky to have them.

Balchunas further reported that although BlackRock registered a minor 0.3% total outflow from its assets under management (AUM) during this period, it is relatively small compared to the overall market movements.