SharpLink Gaming announced that Joseph Chalom, the former head of digital assets strategy at BlackRock, has joined the company as co-CEO. Chalom played a pivotal role in launching BlackRock’s Bitcoin and Ethereum ETFs and is set to lead SharpLink's strategy focusing on Ethereum as a foundation for global finance. His decision to join SharpLink has been viewed as a significant endorsement of the company's ETH treasury strategy, which aims to leverage Ethereum for shareholder value through staking and yield-generating activities. Moreover, SharpLink holds over 360,000 ETH valued at more than $1.3 billion and has recently acquired nearly 80,000 ETH as it works to expand its treasury. Despite this promising acquisition strategy, SharpLink's stock has declined over 6% on the day, continuing a downward trend in recent trading sessions. The announcement reflects a broader trend of institutional interest in Ethereum as it gains traction in financial markets, especially with BlackRock’s Ethereum ETF reaching a milestone of $10 billion in assets recently, demonstrating strong investor demand for Ethereum-based financial products.

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