The firm first announced its intention to launch a private fund for
accredited investors tracking the Nasdaq Crypto Index in June.
Investment firm Victory Capital Management has filed an application
with the U.S. Securities and Exchange Commission for a cryptocurrency
exchange-traded fund.
In a Form S-1 registration filed Tuesday with the regulatory body, Victory said
it intended to move forward with listing an exchange-traded fund, or
ETF, tracking the Nasdaq Crypto Index. The index consists of eight
cryptocurrencies: Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Chainlink's LINK, Stellar's Lumen (XLM), Filecoin (FIL) and Uniswap's UNI.
The
Securities and Exchange Commission, or SEC, has not yet approved any
crypto ETF in the United States. Companies including VanEck, Valkyrie
Digital Assets, and Fidelity Investments have filed for crypto ETFs with
the SEC, but the regulatory body has delayed a final decision with extensions and opening the matter to public comments.
Related: SEC Commissioner concerned about the US lagging behind global Bitcoin ETFs
Victory
announced in June it would be taking steps for its U.S.-based investors
to get exposure to the crypto market. The firm said it would launch a private fund
for accredited investors tracking the Nasdaq Crypto Index and private
funds that will track the Nasdaq Bitcoin Reference Price Index and the
Nasdaq Ethereum Price Index.
As of June 30, Victory Capital had more than $161 billion in assets under management.
source link : https://cointelegraph.com/news/victory-capital-files-sec-application-for-crypto-etf
