Laser Digital has introduced an Ethereum Adoption Fund aimed at institutional investors, the firm announced on Thursday. The company is a digital assets-focused affiliate of Japan-based investment bank Nomura.

This new product invests in long-only spot ether positions and deploys “a yield enhancement strategy” by staking ETH held by the fund.

The process “maintains daily liquidity in the fund whilst offering a staking facility which gives an approximate yield of 5.5%,” according to Fiona King, Laser Digital Asset Management’s head of distribution.

Demand for this product is coming from pension funds, family offices and asset managers — as well as from private banks offering…

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