Nomura's cryptocurrency unit will launch a higher-yielding Ethereum ETF alternative

After launching an ETF that holds the Ethereum cryptocurrency, Nomura Holdings' digital asset division plans to offer a higher-yielding alternative that includes key components that U.S. issuers may have missed to help win regulatory approval.
Nomura's Laser Digital plans to launch the fund in early September with the backing of Galaxy Digital and cryptocurrency start-up Dinero. 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 Ethereum ETFs, offering institutional investors access to the "arbitrage component" of Ethereum.