SharpLink Nabs BlackRock Exec Who Helped Launch Bitcoin, Ethereum ETFs
Joseph Chalom, former head of digital assets strategy at BlackRock, is joining SharpLink Gaming as co-CEO. Chalom was instrumental in launching BlackRock's Bitcoin and Ethereum ETFs and has expressed strong belief in Ethereum as a foundation for global finance. This major transition follows Chalom's 20-year tenure at BlackRock, where he played a crucial role in advancing the firm's digital asset strategy. Alongside his new role, Rob Phythian will move into the position of president at SharpLink. The company, focusing on Ethereum treasuries, currently holds over 360,000 ETH worth more than $1.3 billion, and recently acquired nearly 80,000 ETH as part of its strategy to enhance shareholder value. However, shares of SharpLink have dropped over 6% on the day of this announcement, reflecting ongoing volatility in the market. Additionally, the article highlights the significant growth and investor interest in BlackRock's Ethereum ETF, the iShares Ethereum Trust, which recently surpassed $10 billion in assets.
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