A new Ethereum-focused investment fund called BET (short for “Bringing Ethereum to TradFi”) has raised $57.8 million with a bold vision — to mirror what Michael Saylor’s MicroStrategy did with Bitcoin, but this time with Ethereum.
The fund is built by BTCS Inc., a U.S.-based blockchain tech company, and is structured similarly to an ETF. Its goal? To give traditional investors a simple, compliant way to gain direct exposure to Ethereum’s long-term upside without dealing with wallets or exchanges.
While MicroStrategy made headlines for turning itself into a corporate Bitcoin vault, BET’s strategy revolves around doing the same with Ethereum. The company plans to hold Ethereum on its balance sheet and issue shares backed 1:1 with the crypto asset — giving investors a regulated, secure way to hold ETH indirectly.
According to BTCS, this approach bridges the gap between the crypto world and Wall Street, allowing institutions to invest in Ethereum with the same ease as they buy stocks. The $57.8M raise signals growing demand from big-money players looking for Ethereum-based financial products.
As crypto markets mature, more players are trying to replicate the success of Bitcoin-focused funds. BET is one of the first to do it for Ethereum, and its success could pave the way for more ETH-native investment vehicles in the future.
The launch also reflects rising institutional interest in Ethereum as it continues to shift toward a scalable, proof-of-stake ecosystem. With Ethereum leading in smart contracts and DeFi infrastructure, BET’s move could be perfectly timed to catch the next wave of adoption.
