The Ether Machine is aiming to launch a $1.5 billion institutional fund for Ether yield and infrastructure.
The company plans to launch “one of the largest onchain ETH positions of any public entity” by generating ETH-denominated returns through staking and DeFi participation.A team of crypto-native researchers and public market experts is preparing to launch what it calls the largest yield-bearing Ether fund targeting institutional investors.
The company, called Ether Machine, plans to create a publicly traded vehicle offering institutional-grade exposure to Ethereum infrastructure and Ether protocols. The company said it will also offer “turnkey infrastructure solutions” for enterprises, DAOs and Ethereum-native builders on the blockchain. Cointelegraph has reached out to Ether Machine for more details on the size and scope of the fund’s ETH position.‘Altseason is here’ — 5 things to know in Bitcoin this week
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