Former executives at the world's largest asset manager have joined another ETF provider, and both companies plan to expand their Crypto Assets offerings in the near future, according to Blockworks. Federico Brokate, former director of iShares Americas business strategy at BlackRock, now leads 21Shares' U.S. operations. 21Shares, the company that launched its first U.S. Spot Bitcoin ETF in January, poached the executive from BlackRock. Brokate was responsible for the IPO strategy for BlackRock's iShares Bitcoin Trust (IBIT), which is now the largest Bitcoin fund with assets of about $19.8 billion. The two asset managers also plan to launch Spot Ethereum ETF soon after the U.S. SEC officially allows their registration statements, or S-1s, to take effect. Ophelia Snyder, co-founder of 21Shares, said in a statement that Brokate's "experience" in "strategy, distribution and products" will be critical to 21Shares' "continued success" in the U.S. market.