Ether Machine to launch $1.5B institutional ETH yield fund
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 (ETH) yield, it announced on Monday.
It is co-founded by Andrew Keys, a former board member and head of global business development at Consensys, and David Merin, a former corporate development executive at Consensys who now serves as Ether Machine’s CEO.