Joseph Chalom, formerly BlackRock's head of digital assets strategy, has joined SharpLink Gaming as co-CEO. He played a key role in launching BlackRock's Bitcoin and Ethereum ETFs. This decision marks a new chapter for Chalom, who expressed enthusiasm for SharpLink's vision, stating that Ethereum is becoming foundational for global finance. Current SharpLink CEO Rob Phythian will move to the role of president. Chalom's experience is viewed as a significant advantage for SharpLink, which holds over 360,000 ETH valued at more than $1.3 billion and aims to utilize Ethereum through yield-generating strategies. Following the announcement, shares of SharpLink Gaming dropped over 6%, extending a 31% decline over the past five days of trading. The article highlights the growing institutional acceptance of digital assets as exemplified by the success of BlackRock's Ethereum ETF, which reached $10 billion assets in record time. SharpLink intends to leverage its ETH treasury as a productive asset for long-term shareholder value.

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