#ETH
📰 ETH: "The Ether Machine" launches the first public institutional ETH platform
The crypto company The Ether Machine, backed by giants like Blockchain.com, Kraken, and Pantera Capital, announced its merger with the SPAC firm Dynamix to list on Nasdaq under the ticker ETHM, with an estimated valuation of USD 1.6 billion at its debut
Cointelegraph
. From its balance sheet, it will start with over 400,000 ETH, positioning itself as the largest public platform for institutional exposure to Ethereum
Reuters
. The news spiked the stock price of Dynamix in trading
. This move reflects the growing migration of institutional capital towards Ethereum, thanks to regulatory clarity and ETH's dominant role in stablecoins and asset tokenization.
