SharpLink Gaming has announced the hiring of Joseph Chalom, a veteran of BlackRock, as co-CEO. This appointment signals an increasing interest in digital assets within the company.
Who is Joseph Chalom?
Joseph Chalom spent 20 years at BlackRock and was a leading figure responsible for the company's foray into digital assets, including Bitcoin and Ethereum exchange-traded products. Under his leadership, the iShares Bitcoin Trust ETF, known as IBIT, accumulated nearly $88 billion in assets, becoming the 20th-largest ETF in the U.S.
Leadership Transition at SharpLink Gaming
With Chalom's appointment as co-CEO, there will be shifts in the leadership of SharpLink Gaming. Current CEO Rob Phythian will transition to president next quarter while remaining on the board, with Chalom taking on primary executive responsibilities.
Market Impact and Future Prospects
Chalom's hiring at SharpLink Gaming highlights growing institutional interest in digital assets. His expertise from BlackRock, particularly in ETF launches, may positively impact the company's future strategies. SharpLink's stock has surged more than 180% this year, reflecting investor confidence in its Ethereum reserve strategy.
Joseph Chalom's transition from BlackRock to SharpLink Gaming marks a significant shift in the digital assets space, enhancing investor confidence in the company's strategy and reaffirming its ambitions in expanding Ethereum-based holdings.
