Galaxy, Sharplink Launch $125M Institutional DeFi Fund Using ETH Treasury

ETH

ETH/USDT

$2,492.01

+0.47%

$2,492.01

+0.47%

(24s)

24h Volume

$7,903,526,424.29

24h H/L

$2,523.97 / $2,460.92

Change: $63.05 (2.56%)

Long/Short

56.3%

Long: 56.3%Short: 43.8%

Funding Rate

+0.0019%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,492.33

▲ 0.48%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,564.88

Resistance 1$2,501.12

Price$2,492.33

Support 1$2,449.71

Support 2$2,354.69

Support 3$2,190.20

Pivot (PP):$2,472.79

Trend:Uptrend

RSI (14):64.7

Cointelegraph Staff

(05:26 PM UTC)

1 min read

Approved byDavid Kim

0 comments

Digital asset company Galaxy and Ethereum treasury platform Sharplink will launch a private fund that will invest Ether in decentralized finance (DeFi) strategies, signaling growing institutional interest in earning onchain yield from crypto holdings.

The proposed fund, called the Galaxy Sharplink Onchain Yield Fund, is expected to launch in the coming weeks with $125 million in initial…