The Ether Machine has officially scrapped its SPAC merger — and with it…
💀 The plan to launch a $1.5 BILLION Ethereum fund is GONE
👉 The deal with Dynamix was canceled due to unfavorable market conditions �
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🔥 What was supposed to happen?
• Launch with 400,000+ ETH
• Become one of the largest institutional ETH vehicles
• Go public under ticker ETHM
Now? ❌ ALL CANCELLED
⚠️ Bigger signal here:
This isn’t just one deal failing…
📉 Ethereum treasury strategies are starting to collapse under pressure
📉 Institutions are pulling back
📉 Confidence is getting shaky
🧠 Smart money question:
If institutions are stepping back…
👉 Is this a bearish warning for ETH?
OR
👉 A perfect accumulation phase before the next pump?
💬 Drop your take:
Are you BUYING ETH here or waiting for lower?