Ether Machine to Debut $1.5B ETH Fund on Nasdaq as ‘ETHM’

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Ether Machine to Debut $1.5 Billion ETH Fund on Nasdaq as ‘ETHM’

Written by Aaron S.,

Editor-In-Chief

Last Updated: July 21, 2025

Key Takeaways

Ether Machine will launch a $1.5 billion Ethereum fund via a SPAC merger and trade on Nasdaq as "ETHM";
The fund plans to earn ETH-based returns through staking, restaking, and DeFi activity;
The company will also offer blockchain tools for enterprises, DAOs, and Ethereum developers.

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Ether Machine to Debut $1.5 Billion ETH Fund on Nasdaq as ‘ETHM’

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A new company called Ether Machine is preparing to launch a publicly traded Ethereum ETH $3,757.19 fund focused on large investors.

According to a July 21 announcement, Ether Machine will combine The Ether Reserve and Dynamix Corp., a special purpose acquisition company (SPAC) already listed on Nasdaq, to create this investment product.

The merged company will trade under the symbol "ETHM". At the time of launch, it is expected to hold over 400,000 ETH, valued at more than $1.5 billion.

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The fund is led by two former Consensys executives. Andrew Keys, who previously served on the board and led global business development, co-founded the venture. David Merin, formerly involved in corporate development at Consensys, will act as CEO.

According to the company’s website, Ether Machine’s goal is to support Ethereum’s role as a foundation for global finance and computing.

As part of the goal, the company plans to generate returns by staking Ethereum, participating in restaking, and using various decentralized finance (DeFi) platforms. The returns will be measured in ETH rather than in traditional currency.

Additionally, Ether Machine will also offer blockchain infrastructure tools. These services will be aimed at companies, decentralized autonomous organizations (DAOs), and developers who use Ethereum. The idea is to provide ready-to-use tools that make it easier to build or operate on the network.

BTC Digital, a blockchain and mining company traded on Nasdaq as BTCT, recently decided to shift its focus entirely to Ethereum. Why? Read the full story.