From BlackRock to Ethereum: Betting It All on ETH | Joseph Chalom

Listen to this episode from Bankless on Spotify. What does BlackRock’s former crypto lead see in Ethereum that others still miss? Joseph Chalom joins Bankless to take us inside the IBIT/ETHA ramp, why BUIDL launched on Ethereum mainnet, and the simple—but powerful—framework he uses to value ETH as “high-octane money.” We break down staking inside ETFs, the tokenization roadmap from stablecoins to the S&P in your wallet, and the real mechanics of ETH treasury companies—mNAV premiums, ATMs, converts, and the transparency metrics that matter. Less hype, more architecture: if security, liquidity, and 24/7 settlement are the future, this is the bridge.---📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24https://bankless.cc/spotify-premium---BANKLESS SPONSOR TOOLS:🪙FRAX | SELF SUFFICIENT DeFihttps://bankless.cc/Frax🦄UNISWAP | SWAP ON UNICHAINhttps://bankless.cc/unichain🛞MANTLE | MODULAR LAYER 2 NETWORKhttps://bankless.cc/Mantle🎩DEGEN | JOIN THE COMMUNITYhttps://bankless.cc/degen---TIMESTAMPS0:00 Intro3:53 Larry Fink’s arc: skeptic to champion9:15 Joseph’s crypto journey18:09 Aladdin × Coinbase Prime20:55 Building IBIT24:28 ETHA & ETH ETF staking approval36:04 Tokenization roadmap & magnitude44:48 SharpLink’s ETH bet50:13 Ether as “high-octane money”58:54 Beyond ‘buy and hold’1:03:11 ETH vs BTC treasuries1:06:09 Radical transparency1:10:31 mNAV, ATMs & buybacks1:19:10 Where’s the price impact?1:25:32 How many treasuries win?1:29:25 Closing thoughts---RESOURCESJoseph Chalomhttps://x.com/joechalomSharplinkhttps://www.sharplink.com/---Not financial or tax advice. See our investment disclosures here:https://www.bankless.com/disclosures