Galaxy & Sharplink dey launch $125M Ethereum on-chain yield fund

Galaxy Digital and Sharplink dey plan launch $125 million Ethereum on-chain yield fund next week after dem sign non-binding memorandum of understanding. The vehicle go invest for DeFi liquidity protocols and other Ethereum on-chain yield strategies. Galaxy go put in $25 million while Sharplink dey commit $100 million from their staked Ethereum treasury. Dem package the deal as way for Sharplink to keep core Ethereum exposure but still use balance-sheet capital to try make active returns. Galaxy go be investment manager, dem go use institutional research and risk controls to pick protocols, size exposure, and monitor lending, trading, and asset-management activities. Sharplink don already hold about 868,699 ETH and dem don earn around 18,800 ETH as staking rewards. The article also say the fund fit put pressure to outperform Bitmine Immersion Technologies wey get much bigger Ethereum holdings. Market reaction show Sharplink shares up ~4.30% and Galaxy Digital up ~4.80%, while ETH dey down about 2.29% to around $2,280 at publication. Broader signals include steady Ethereum DEX strength (DeFiLlama) and rising Total Value Staked (CryptoQuant). For crypto traders, this Ethereum on-chain yield fund na new institutional liquidity narrative: e fit support medium-term ETH demand through staking-linked treasury deployment, but near-term price impact fit be small because the fund size small compared to total market liquidity.