Laser Digital Launches Bitcoin Adoption Fund for Institutional Investors
Laser Digital, the digital assets subsidiary of Japan’s largest investment bank, Nomura, has introduced the Bitcoin Adoption Fund to cater to institutional investors. The fund will utilize Komainu, a custom custody solution developed by Nomura, Ledger, and CoinShares, to provide investors with long exposure to Bitcoin. The Laser Digital Bitcoin Adoption Fund is a secure and cost-effective product that offers the highest levels of risk management and compliance. It is part of Laser’s Digital Funds Segregated Portfolio company, registered in the Cayman Islands.
New Product Launches Amid Mounting Institutional Interest
Sebastien Guglietta, Head of Laser Digital Asset Management, explains that technology is driving global economic growth and transforming the economy from analog to digital. Bitcoin plays a significant role in this transformation, and long-term exposure to Bitcoin allows investors to capture this macro trend. This launch follows SBI Holdings Inc.’s introduction of Japan’s first cryptocurrency fund earlier this year to help investors diversify their portfolios. Additionally, Binance recently obtained a license to serve retail customers under the country’s new crypto regulations.
Bitcoin’s Potential in Investment Portfolios
According to VanEck, over $50 billion worth of Bitcoin is currently held by exchange-traded funds (ETFs), governments, and companies worldwide. Accredited US investors can access Bitcoin through futures ETFs offered by VanEck and ProShares. These products are trusted by global advisors and can improve returns while introducing minimal volatility when carefully allocated in a portfolio split between equities and bonds.
US Investors Await Regulatory Approval
The US Securities and Exchange Commission (SEC) has delayed its decision on Bitcoin ETF applications from firms like VanEck until they agree to share market surveillance with other entities. Earlier this year, the SEC was ordered by a court to re-explain its decision to refuse Grayscale Investments’ application to convert their Bitcoin Trust into an ETF. Analysts predict that the approval of US spot ETFs could result in $100 billion inflows.
Hot Take: Bitcoin’s Growing Appeal in Institutional Investing
With the launch of the Bitcoin Adoption Fund by Laser Digital and the introduction of Japan’s first cryptocurrency fund, institutional interest in Bitcoin is on the rise. As technology continues to shape the global economy, Bitcoin offers investors an opportunity to participate in this digital transformation. While regulatory approvals for Bitcoin ETFs are still pending in the US, once granted, they are expected to attract significant investments. As more institutions recognize the potential of Bitcoin as a long-term investment option, its presence in traditional portfolios is likely to increase, contributing to further growth and adoption of cryptocurrencies.
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