Galaxy, Sharplink plan $125M institutional DeFi yield fund backed by ETH treasury
Burns Brief
Sharplink will contribute $100 million in staked Ether to a Galaxy-managed fund as institutions seek to earn yield from crypto holdings without selling ETH Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch $ETH $LINK for reaction — a decisive move above or below key levels will confirm the next trend.
Sharplink will contribute $100 million in staked Ether to a Galaxy-managed fund as institutions seek to earn yield from crypto holdings without selling ETH.
Key Takeaways
- Sharplink will contribute $100 million in staked Ether to a Galaxy-managed fund as institutions seek to earn yield from crypto holdings without selling ETH