Joseph Chalom, the former head of digital assets strategy at BlackRock, has joined SharpLink Gaming as co-CEO. He was instrumental in launching BlackRock's Bitcoin and Ethereum ETFs and aims to leverage Ethereum as the foundation of global finance at SharpLink. With his extensive experience, Chalom's appointment is viewed as a significant step for SharpLink, which currently holds more than 360,000 ETH valued at over $1.3 billion. Following his addition, SharpLink's current CEO, Rob Phythian, will transition to the role of president. The company plans to raise up to $6 billion to expand its ETH treasury strategy. Shares of SharpLink have dropped over 6% following the announcement, extending losses to over 31% in five days. Chalom expressed a vision of bridging institutional capital with Ethereum yield, emphasizing the asset, ETH, under the SBET ticker.

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