Galaxy Digital Launches $100M Crypto Fund as SEC Seeks Input on Ethereum ETFs and Arbitrum Dominates Layer-2 Growth

• Galaxy Digital launching $100M crypto venture capital fund to invest in 30 early-stage startups over 3 years • SEC opens window for public comments on 3 Ethereum spot ETF applications from Grayscale, Fidelity, and Bitwise • VanEck report predicts Ethereum layer-2 networks could reach $1T valuation by 2030, remains bearish long-term on some • Arbitrum currently biggest layer-2 ecosystem with over $18B locked, capturing majority of $36B total locked across 46 networks
• Bitcoin futures funding rates normalized between 10-20% after spiking over 100% last month during price run-up