According to Bloomberg, Nomura’s Laser Digital plans to launch an Ethereum fund that supports staking in early September. The fund aims to provide institutional investors with an alternative to Ethereum ETFs.
The Ethereum ETF began trading earlier this week, about six months after the U.S. Securities and Exchange Commission approved a Bitcoin ETF. Ethereum’s staking mechanism makes it different from Bitcoin in the eyes of regulators.
Issuers such as Fidelity and BlackRock pledged not to use purchased Ethereum for staking programs or invest in Ethereum-related derivatives, concessions that may have contributed to the SEC's approval.
Laser Digital’s fund will be powered by software technology from Dinero, with Galaxy Digital likely to be the sole validating operator. The fund will not be immediately available in the U.S. after launch.
