Nomura Ether ETF Launches with Unique Staking Benefits
The post Nomura Ether ETF Launches with Unique Staking Benefits appeared on BitcoinEthereumNews.com. Key Points: Nomura’s Laser Digital is launching an Ether ETF with staking. Sponsored by Galaxy Digital and Dinero, it offers higher yields. Bloomberg reported that Nomura Ether ETF, launching in early September, aims to offer higher yields via staking, targeting accredited investors. Nomura Ether ETF Launches with Unique Staking Benefits Nomura Holdings’ digital-asset unit, Laser Digital, is preparing the launch of an Ether ETF that would yield more by including staking something the latest US-issued Ethereum ETFs haven’t implemented. Nomura Ether ETF Targeting Accredited Investors The fund, expected to be launched in early September, will be sponsored by Galaxy Digital and crypto start-up Dinero. It targets accredited investors, such as hedge funds and private investment offices, who are looking to offer a different proposition from the recently approved Ether ETFs. The new Ether ETFs launched this week, half a year after the US Securities and Exchange Commission greenlit Bitcoin ETFs. With Ether comes a staking mechanism that opens up more questionable regulatory land. Staking is essentially a form of pooling money together to earn returns; to most regulators, it’s a security. Thus, any spot-Ether ETF applications that involved staking were unlikely to get approved. Read more: BitFlyer Acquires FTX Japan With 100% Share Purchase Institutional Investors and Staking Benefits Prominent issuers like Fidelity and BlackRock have agreed not to include staking in their Ether ETF product offerings or involve any Ether-related derivatives. While the SEC declined to comment on why it approved, these concessions probably factored into the decision. Laser Digital’s fund provides access to Ethereum’s “carry component” for institutional investors. Sebastien Guglietta, head of asset management at Laser Digital, stressed the choice between merely beta exposures and beta plus carry. The yields are generated through the fund’s software technology from Dinero. Galaxy Digital is on track to operate as…
The post Nomura Ether ETF Launches with Unique Staking Benefits appeared on BitcoinEthereumNews.com.
Key Points: Nomura’s Laser Digital is launching an Ether ETF with staking. Sponsored by Galaxy Digital and Dinero, it offers higher yields. Bloomberg reported that Nomura Ether ETF, launching in early September, aims to offer higher yields via staking, targeting accredited investors. Nomura Ether ETF Launches with Unique Staking Benefits Nomura Holdings’ digital-asset unit, Laser Digital, is preparing the launch of an Ether ETF that would yield more by including staking something the latest US-issued Ethereum ETFs haven’t implemented. Nomura Ether ETF Targeting Accredited Investors The fund, expected to be launched in early September, will be sponsored by Galaxy Digital and crypto start-up Dinero. It targets accredited investors, such as hedge funds and private investment offices, who are looking to offer a different proposition from the recently approved Ether ETFs. The new Ether ETFs launched this week, half a year after the US Securities and Exchange Commission greenlit Bitcoin ETFs. With Ether comes a staking mechanism that opens up more questionable regulatory land. Staking is essentially a form of pooling money together to earn returns; to most regulators, it’s a security. Thus, any spot-Ether ETF applications that involved staking were unlikely to get approved. Read more: BitFlyer Acquires FTX Japan With 100% Share Purchase Institutional Investors and Staking Benefits Prominent issuers like Fidelity and BlackRock have agreed not to include staking in their Ether ETF product offerings or involve any Ether-related derivatives. While the SEC declined to comment on why it approved, these concessions probably factored into the decision. Laser Digital’s fund provides access to Ethereum’s “carry component” for institutional investors. Sebastien Guglietta, head of asset management at Laser Digital, stressed the choice between merely beta exposures and beta plus carry. The yields are generated through the fund’s software technology from Dinero. Galaxy Digital is on track to operate as…
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