Joseph Chalom, former head of digital assets strategy at BlackRock, is joining SharpLink Gaming as co-CEO. Chalom played a significant role in launching BlackRock's Bitcoin and Ethereum ETFs, and he aims to take SharpLink forward, focusing on Ethereum as a cornerstone of global finance. Following his transition, current CEO Rob Phythian will serve as president. SharpLink is committed to adding shareholder value by utilizing Ethereum through staking and other yield strategies, holding over 360,000 ETH worth more than $1.3 billion. The firm has also recently acquired nearly 80,000 ETH and plans to raise up to $6 billion to fund further purchases. Meanwhile, BlackRock's Ethereum ETF has reached $10 billion in assets, indicating strong investor interest. Despite these developments, shares of SharpLink have fallen over 6%, continuing a downward trend in the last five days of trading.

Source đź”—