September 19, 2023, like a bolt from the blue, Nomura Holdings announced the launch of the Bitcoin Adoption Fund, which is an investment fund for institutional investors that offers direct exposure to BTC.
The intention is clearly a long-term investment and is open to institutional investors from all over the world, with a minimum investment amount of 1 million dollars.
The signal is extremely important and demonstrates once again how much interest in the number one cryptocurrency is growing across the world.
Furthermore, I recall that this is the first type of fund launched by an investment bank of this size.
I expect it is just one of the many traditional banks that does not want to miss the train, driven primarily by the various BlackRock and Grayscale which have already made giant steps towards the adoption of Bitcoin.
Some technical aspects regarding the fund mentioned above:
- as anticipated, the objective is a long-term investment
- the fund is made up entirely and exclusively of Bitcoins held in custody
- is classified as a high-risk investment due to the volatility of Bitcoin
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