Ether Machine, a newly formed crypto asset manager, announced plans to launch a substantial Ether (ETH) yield fund targeting institutional investors. With a targeted amount of more than $1.5 billion (approximately 400,000 ETH) under management, the fund is designed to provide institutions with access to Ethereum infrastructure and the yields generated by ETH.
Co-founded by former Consensys executives Andrew Keys and David Merin, Ether Machine will merge The Ether Reserve with Dynamix Corp, a Nasdaq-listed special purpose acquisition company (SPAC). Following the merger, the company plans to list on Nasdaq under the ticker symbol “ETHM.”
employs an investment approach based on staking, restaking, and active participation in decentralized finance (DeFi) protocols. The fund will also provide infrastructure to businesses, decentralized autonomous organizations (DAOs), and blockchain-native developers.
This announcement comes as institutions are adopting cryptocurrency assets to change investor appetite. Large firms such as Lion Group and Interactive Strength, which are listed on the , recently announced significant crypto reserve allocations. Lion Group launched a $600 million crypto treasury reserve, while Interactive Strength raised $500 million to invest in AI-centred digital assets.
Moreover, the introduction of Ether Machine underscores the rapid institutional trend of investing in Ethereum and generating returns through yield-generating approaches. This trend mirrors the overall expansion of the crypto market, with institutions joining holdings that are not limited to Bitcoin.
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