According to Odaily, Nomura Holdings' digital asset division is set to offer a higher-yield alternative fund, addressing key components potentially overlooked by U.S. issuers to secure regulatory approval. Laser Digital, a subsidiary of Nomura Securities, plans to launch this fund in early September with support from Galaxy Digital and cryptocurrency startup Dinero. The fund will be available to qualified investors, such as hedge funds and private investment offices, rather than retail buyers. Laser Digital views this fund as an alternative to an Ethereum ETF, providing institutional investors with exposure to Ethereum's 'arbitrage component.'