Victory Capital files SEC filing for crypto ETF
The funding agency Victory Capital Management has filed an software with the US Securities and Exchange Commission for an exchange-traded cryptocurrency fund.
In a Form S-1 registration filed with the regulator on Tuesday, Victory stated it intends to proceed itemizing an exchange-traded fund or ETF that tracks the Nasdaq Cryptocurrency Index. The index includes 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 (SEC) has but to approve crypto ETFs within the United States. Companies like VanEck, Valkyrie Digital Assets, and Fidelity Investments have filed crypto ETF filings with the SEC, however regulators delayed a last determination with extensions and opened the matter for remark.
Related: SEC commissioner involved about US lag behind world bitcoin ETFs
Victory introduced in June that it will take steps to supply US traders with publicity to the cryptocurrency market. The firm introduced it will launch a separate fund for accredited traders monitoring the Nasdaq Cryptocurrency Index, and personal funds will monitor the Nasdaq Bitcoin Reference Price Index and the Nasdaq Ethereum Price Index.
As of June 30, Victory Capital has greater than $ 161 billion below administration.
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