The Ether Machine to launch largest Institutional ETH Yield Fund

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.

Ether Machine aims to “expand Ethereum’s economic security as the base layer for the next era of global finance and computation,” according to its website.

The company will be formed through a combination of The Ether Reserve and Dynamix Corp, a Nasdaq-listed special purpose acquisition company.

Following this, Ether Machine plans to list on the Nasdaq under the ticker symbol “ETHM,” with over 400,000 ETH worth more than $1.5 billion under management at launch.

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Yield focus and Ethereum-native strategy

Ether Machine said it aims to hold “one of the largest onchain ETH positions” of any public company, generating ETH-denominated returns through staking, restaking and managed participation in decentralized finance (DeFi) 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.

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The announcement comes amid a growing roster of companies adopting Bitcoin (BTC) and cryptocurrency treasuries, aiming to bolster shareholder value and attract more investors.

On June 19, Nasdaq-listed Lion Group announced a $600 million Hyperliquid (HYPE) token treasury reserve, which debuted with a $10.6 million initial investment.

On June 11, Interactive Strength, a Nasdaq-listed fitness equipment manufacturer, announced a $500 million raise to acquire Fetch.ai (FET) tokens and establish the world’s largest corporate AI token treasury, according to the firm.

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