<ul data-eligibleForWebStory="false"><li>A new fund focused on Ethereum has raised a significant amount of ETH and aims to support projects aligned with Ethereum's core principles.</li><li>The fund prioritizes ETH price appreciation as a key objective and sets strict criteria for projects seeking support, such as integrating mechanisms that burn ETH.</li><li>The fund, distinct from the Ethereum Foundation, aims to fill leadership and incentive gaps and supports projects that contribute to ETH's scarcity.</li><li>Market participants are observing to see if the fund's strategy will further boost ETH's value after its recent breakout to $2,600.</li></ul>

New Fund Bets on Ethereum Burn Mechanics to Boost Long-Term Value

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