Ousted OpenAI’s Sam Altman, BlackRock and Fidelity pursue Ether ETFs and more: Hodler’s Digest, Nov. 12-18
ChatGPT OpenAI Developer Eliminated founder Sam Altman from his position as CEO on November 17. Chief Technology Officer Mira Murati now serves as interim CEO. According to a blog post, the board of directors engaged in a deliberative review process, which resulted in the conclusion that Altman was not consistently candid in his communications with the board, which hindered his ability to exercise his responsibilities. Shortly after, OpenAI co-founder and president Greg Brockman. revealed his departure from the organization.
The world’s largest asset manager, BlackRock (NYSE 🙂), officially applied for a spot Ether exchange-traded fund (ETF) before the United States Securities and Exchange Commission (SEC) on November 15. The ETF, called iShares Trust, is intended to broadly reflect the price performance of Ether, according to the S-1 filed with the SEC. The iShares brand is associated with BlackRock’s ETF products. BlackRock’s move comes nearly a week after it registered the iShares Ethereum Trust with the Delaware Division of Corporations and nearly six months after it filed its spot ETF application. Following BlackRocks’ presentation, asset manager Fidelity also sought the green light for its own Ether ETF.
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