CoinVoice has recently learned that according to Bloomberg, hot on the heels of the launch of an ETF holding the Ethereum cryptocurrency, Nomura’s digital assets unit plans to offer a higher-yielding alternative that contains key components that U.S. issuers may have overlooked in order to gain regulatory approval.
These Ethereum ETFs do not incorporate staking, the process by which investors earn passive income by temporarily providing their tokens to the Ethereum network to help validate transactions.
Nomura’s cryptocurrency unit Laser Digital, which is backed by Galaxy Digital and crypto startup Dinero, plans to launch the fund by early September. The fund will be open to so-called accredited investors such as hedge funds and private investment offices, rather than retail buyers.
Laser Digital sees the fund as an alternative to an Ethereum ETF, offering institutional investors the opportunity to gain exposure to Ethereum’s “yield component.”
Dinero provides the software technology behind the fund to generate returns. A Galaxy Digital spokesperson said Galaxy Digital is finalizing an agreement to potentially serve as the sole validator operator, running and maintaining computers that help secure and verify Ethereum transactions. The fund will not be listed in the United States immediately after launch. [Original link]
