Nomura's Crypto Unit to Launch Higher-yielding Ethereum ETF Alternative
After launching an ETF holding Ethereum cryptocurrency, Nomura Holdings' digital asset department plans to offer a higher-yielding alternative, which includes key components that US issuers may have overlooked to help win regulatory approval. Laser Digital, a subsidiary of Nomura Securities, plans to launch the fund in early September with the support of Galaxy Digital and cryptocurrency start-up Dinero. The fund will be open to so-called qualified investors, such as hedge funds and private investment offices, rather than retail buyers. Laser Digital sees the fund as an alternative to Ethereum ETF, providing institutional investors with the opportunity to access Ethereum's "arbitrage components".
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