$500 billion investment bank Nomura launches Bitcoin Adoption Fund
Japan’s largest investment bank Nomura, with a portfolio of over $500 billion in assets under management, has marked another strategic move into the digital asset market through its digital subsidiary Laser Digital Asset Management, which announced the launch of a Bitcoin Adoption Fund for institutional investors.
The Bitcoin-based fund is set to be the first in a range of cryptocurrency investment solutions the firm is planning on introducing and will offer direct exposure to BTC to the firm’s institutional investors.
The Bitcoin Adoption Fund is designed to offer investors long-term exposure to the flagship cryptocurrency, with the Japanese financial behemoth choosing Komainu as its regulated custody partner.
Source: CryptoGlobe
Grayscale makes another bid for Ethereum Futures ETF
Grayscale recently submitted a new application for an Ethereum Futures ETF. Interestingly, they submitted it under the Securities Act of 1933, typically used for commodities and Bitcoin ETFs.
This decision marks a shift from their initial application filed under the Investment Company Act of 1940, which primarily governs securities-based ETFs. Many speculate about the underlying reasons behind this strategic move.
Grayscale’s Second Attempt at Ethereum Futures ETF
Grayscale recently submitted a new application for an Ethereum Futures ETF. Interestingly, they submitted it under the Securities Act of 1933, typically used for commodities and Bitcoin ETFs.
This decision marks a shift from their initial application filed under the Investment Company Act of 1940, which primarily governs securities-based ETFs. Many speculate about the underlying reasons behind this strategic move.
Grayscale has chosen a different regulatory path for its latest application. This time, they have submitted the application under the Securities Act of 1933, deviating from their previous approach.
Source: Coinpedia
Balancer frontend hit by DNS attack, over $250.000 stolen
The front-end websites of popular decentralized exchange (DEX) Balancer were hit by a Domain Name System (DNS) attack on September 19.
Hackers compromised Balancer’s domain names to redirect users or their transactions to a malicious destination.
The Balancer team first alerted users about interacting with the balancer UI yesterday at 7:49 pm EST.
The balancer team updated in a recent tweet that they’re working toward “full recovery of the Balancer UI” and advised users to “NOT interact with http://balancer.fi or http://app.balancer.fi until further notice.”
Source: Decrypt