Nomura's Laser Digital to Launch High-Yield ETH Fund Next Month

IconCryptoNewsTerminal Staff26 Jul, 2024

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Nomura's Laser Digital to Launch High-Yield ETH Fund Next Month

Nomura Holdings' cryptocurrency firm Laser Digital is set to launch a high-yield fund next month, providing an alternative to an Ether exchange-traded fund (ETF). The fund will be backed by Galaxy Digital and crypto startup Diginex and is expected to launch in early September. According to Bloomberg, the fund will be available to qualified investors and will offer exposure to the price of Ether, the second-largest cryptocurrency. The fund's high yield will be generated through a combination of staking, lending, and trading strategies. The launch of the fund comes as the cryptocurrency market continues to mature and institutional investors seek new ways to gain exposure to digital assets. Ether, in particular, has emerged as a popular investment vehicle due to its strong fundamentals and role in the decentralized finance (DeFi) ecosystem. Laser Digital's high-yield ETH fund is expected to attract significant interest from investors looking for an alternative to traditional Ether ETFs. The fund's unique approach to yield generation could provide investors with an attractive return potential in the growing cryptocurrency market.

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