A team of experts is launching the largest yield-bearing Ether fund for institutional investors. Ether Machine, co-founded by Andrew Keys and David Merin, plans to offer exposure to Ethereum infrastructure and ETH yield. The company will be listed on Nasdaq under “ETHM,” managing over 400,000 ETH worth $1.5 billion initially.

Ether Machine focuses on holding a large ETH position, generating returns through staking and DeFi protocols. It also offers infrastructure solutions for enterprises and Ethereum builders. The company’s goal is to expand Ethereum’s economic security and become a base layer for global finance and computation.

The announcement of Ether Machine’s launch coincides with a trend of companies adopting Bitcoin and cryptocurrency treasuries. Nasdaq-listed firms like Lion Group and Interactive Strength have recently made significant investments in crypto tokens to attract investors and enhance shareholder value.

Read more at Cointelegraph: The Ether Machine to launch largest Institutional ETH Yield Fund