Nomura Securities' cryptocurrency division will launch a higher-yield alternative to Ethereum ETF.

Odaily Planet Daily News Nomura Holdings' digital asset division plans to offer a higher-yield alternative, including key components that U.S. 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 support from Galaxy Digital and cryptocurrency startup 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 an Ethereum ETF, providing institutional investors with the opportunity to access the 'arbitrage component' of Ethereum. (Bloomberg)