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