Ether Machine launches for Institutional Yield after the GENIUS Act
The post Ether Machine launches for Institutional Yield after the GENIUS Act appeared on BitcoinEthereumNews.com.
Institutional interest in cryptocurrencies was piqued after “Crypto Week” in the US saw the passage of the industry’s key stablecoin bill, the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act. Signed into law by US President Donald Trump on July 18, the GENIUS Act bans yield-bearing stablecoins in the world’s largest economy, which may increase the demand for Ether (ETH) and Ethereum-based yield-generating decentralized finance protocols, according to industry watchers. Signaling growing demand for the world’s second-largest cryptocurrency, a group of crypto researchers and public market experts announced the launch of the largest yield-bearing Ether fund for institutional investors, called Ether Machine. The company plans to create a publicly traded vehicle for institutional-grade Ether yield and infrastructure exposure, planning to invest over $1.5 billion in Ether to form “one of the largest onchain ETH positions of any public entity.” Ether Machine to launch $1.5 billion 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. Source: sassal0x 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 Nasdaq under the ticker symbol “ETHM,” with…
Filed under: News - @ July 26, 2025 9:19 am