<p>Swiss-based Laser Digital, the digital asset subsidiary of Japanese investment bank Nomura, is reportedly planning to introduce an alternative to spot ETH ETFs.</p>
<p>Unlike the nine ether ETFs launched three days ago, Laser Digital&rsquo;s ETH fund would generate yield and accrue rewards from the underlying Ethereum blockchain network, according to&nbsp;<a href="https://news.bloomberglaw.com/business-and-practice/nomura-crypto-unit-to-offer-high-yielding-ether-etf-alternative" target="_blank" rel="nofollow noopener">Bloomberg</a>.</p>
<p>These rewards are made up of the same token emissions and maximal extractable value (MEV) that is accrued by Ethereum validators running their own node, or users staking ETH with a liquid staking platform like Lido. It&rsquo;s a notably absent element with the current ETH ETFs.</p>
<p><strong>Read more:</strong>&nbsp;<a href="https://blockworks.co/news/proposed-ether-etfs-not-staking-eth" target="_blank" rel="nofollow noopener">Proposed ether ETFs would not stake their ETH, new filings clarify</a></p>
<p>According to&nbsp;<a href="https://www.bloomberg.com/news/articles/2024-07-26/nomura-s-crypto-unit-to-offer-higher-yielding-ether-etf-alternative?sref=dkjk6XjG" target="_blank" rel="nofollow noopener">Bloomberg</a>, Galaxy Digital will potentially assist&nbsp;<a href="https://blockworks.co/tag/laser-digital" target="_blank" rel="nofollow noopener">Laser Digital</a>&nbsp;in running the validator nodes that generate the yield for investors.</p>
<p>The product is planned to be available only to non-US accredited investors in early September.&nbsp;<a href="https://blockworks.co/tag/nomura" target="_blank" rel="nofollow noopener">Nomura</a>&nbsp;<a href="https://www.laserdigital.com/company-news/laser-digital-asset-management-launches-ethereum-adoption-fund-for-institutional-investors/" target="_blank" rel="nofollow noopener">previously</a>&nbsp;launched an ETH-focused fund in late 2023.&nbsp;</p>
<p>The firm wasn&rsquo;t immediately available to comment when reached.&nbsp;</p>
<p>Interest in crypto by traditional finance investors has been slowly but steadily increasing. In a recent EY survey, 55% of 270+ institutional investors claimed they&nbsp;<a href="https://blockworks.co/news/empire-newsletter-tradfi-crypto-institutional-adoption" target="_blank" rel="nofollow noopener">planned to allocate capital to crypto</a>&nbsp;over the next two to three years.</p>
<p>Laser Digital&rsquo;s suite of crypto products already&nbsp;<a href="https://live-laser-digital.pantheonsite.io/services/asset-management/" target="_blank" rel="nofollow noopener">includes</a>&nbsp;a&nbsp;<a href="https://blockworks.co/news/laser-digital-bitcoin-fund-asset-management-crypto" target="_blank" rel="nofollow noopener">Bitcoin Adoption Fund</a>, Ethereum Adoption Fund and Polygon Adoption Fund &mdash; all institutional products for accredited investors to gain BTC/ETH/MATIC exposure.</p>