Galaxy Digital and Sharplink announce plans to launch an institutional onchain yield fund totaling $125 million, managed by Galaxy. Under the proposed structure, Sharplink is set to contribute $100 million in staked Ether from its Ethereum treasury to the fund, with Galaxy adding an additional $25 million. The initiative is positioned as a way for institutional participants to seek yield on crypto holdings without needing to sell their ETH. According to the announcements, the fund—described as the Galaxy Sharplink Onchain Yield Fund—would use the staked ETH backing to generate returns through onchain yield strategies. The parties describe the effort as aimed at improving the productivity of Sharplink’s Ethereum treasury while providing an institutional vehicle managed by Galaxy. The available reports outline the funding allocations and the basic purpose of the fund, but do not provide detailed information in the excerpts on the specific yield methods, timeline for launch, or any related regulatory or custody arrangements.