Nomura Securities' Laser Digital plans to launch a fund in September as an alternative to Ethereum spot ETF.

Foresight News reported that Nomura Holdings' digital asset division, Laser Digital, plans to offer an Ethereum spot ETF alternative fund. Laser Digital plans to launch the fund in early September with the support of Galaxy Digital and the crypto startup Dinero. The fund will be open to qualified investors such as hedge funds and private investment offices, excluding retail investors.