Nomura Unleashes Bitcoin Adoption Fund Amid Regulatory Buzz

Japan's Largest Investment Bank Dives into Cryptocurrency as Global Institutional Interest in Bitcoin Surges

Nomura, Japan’s largest investment bank, with over US$500 billion worth of assets, has launched a Bitcoin Adoption Fund.

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The Bitcoin Adoption Fund includes long-only exposure to Bitcoin and comes amid intense discussion by regulators around Bitcoin-based products, with the next decision on US spot Bitcoin ETFs pending October 15.

This fund is part of Laser Digital Funds SPC, a Segregated Portfolio Company, which is registered as a mutual fund. 

The Bitcoin Adoption Fund aims to provide institutional investors with a streamlined and efficient gateway into the rapidly evolving digital assets space.

This move comes at a time when there is an unprecedented wait for the approval of spot Bitcoin ETFs in the United States.

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The U.S. Securities and Exchange Commission (SEC) has extended the evaluation period for all six pending Bitcoin Spot ETF applications, with a new decision deadline set for October 17, 2023.

It’s worth noting that the US, Canada, and Europe have approved several Bitcoin-focused funds over the past couple of years.

This shows a growing trend of institutional adoption of Bitcoin globally. It’s an exciting time in the world of digital assets!

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