Victory Capital Management has submitted crypto ETFs despite the reluctance of the SEC
The funding agency Victory Capital Management has filed an Exchange Traded Fund (ETF) for cryptocurrencies with the US Securities and Exchange Commission.
In Application Form S-1, filed Tuesday, Victory mentioned it intends so as to add an ETF to trace the Nasdaq Cryptocurrency Index underneath an settlement with Brazilian fund supervisor Hashdex. The index includes eight cryptocurrencies: Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Chainlink (LINK), Stellar (XLM), Filecoin (FIL) and Uniswap (UNI)).
Mannik Dhillon, President of VictoryShares, Victory Capital ETF supplier, said:
“A potential future ETF would offer our clients convenient exposure to multiple cryptocurrencies while adding a new asset class to their portfolio.”
The SEC has not but accredited any crypto ETFs in the United States. Companies like VanEck, Valkyrie Digital Assets and Fidelity Investments have filed purposes for crypto ETFs, however the regulator has delayed any closing choice by extending the deadline and opening a public remark.
In June, Victory plans to broaden publicity to the cryptocurrency market to US buyers. The firm has launched a personal fund referred to as the Victory Hashdex Nasdaq Cryptocurrency Index Fund for accredited buyers monitoring the index and personal funds monitoring the Nasdaq benchmark price index: Bitcoin and Nasdaq Ethereum Price Index.
According to Cointelegraph