Joseph Chalom, former head of digital assets strategy at BlackRock, has joined SharpLink Gaming as co-CEO. Chalom played a pivotal role in launching BlackRock’s Bitcoin and Ethereum ETFs and is recognized for his contributions to institutional adoption of digital assets. He expressed enthusiasm for SharpLink's vision of Ethereum as a foundational element of global finance. Chalom's move to SharpLink marks a strategic shift, as current CEO Rob Phythian transitions to the role of president. SharpLink, which manages an Ethereum treasury exceeding $1.3 billion, aims to leverage its ETH holdings through various yield-bearing strategies. The firm's shares experienced a decline, with over 31% loss in trading, reflecting possible market reactions to leadership changes and strategic directions. BlackRock's successful launch of its Ethereum ETF further highlights growing institutional interest in Ethereum, making this strategic shift for SharpLink timely amidst a rapidly evolving financial landscape.

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