Galaxy Digital to manage Sharplink’s new $125 million onchain yield play
The Galaxy Sharplink Onchain Yield Fund would receive $100 million from Sharplink’s staked ETH treasury and $25 million from Galaxy.
The announcement of the Galaxy Sharplink Onchain Yield Fund is likely to boost investor confidence in ETH, potentially leading to an increase in its price as more capital flows into the asset. Additionally, the involvement of Galaxy Digital may attract further institutional interest.
The Galaxy Sharplink Onchain Yield Fund would receive $100 million from Sharplink’s staked ETH treasury and $25 million from Galaxy.
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