Galaxy Digital and Sharplink launch $125M onchain yield fund backed by staked ETH treasury!

Galaxy Digital will manage a new $125 million onchain yield fund built on Sharplink's staked ETH treasury, the two companies announced. The Galaxy Sharplink Onchain Yield Fund draws $100 million from Sharplink's staked ETH holdings and $25 million from Galaxy itself, with deployment expected to begin in the coming weeks under a non-binding memorandum of understanding.

Capital will be allocated across DeFi liquidity protocols and other onchain yield strategies, with the structure explicitly designed to keep Sharplink's core ETH exposure intact. Sharplink currently holds 872,984 ETH and has already generated 18,800 ETH in staking rewards since launching its ether treasury strategy in June 2025 — the new fund adds an active yield layer on top of that passive base.

At recent prices, the $100 million allocation represents roughly 43,000 ETH — a small slice of Sharplink's stack, but…