Victory Capital files SEC application for crypto ETF

Funding agency Victory Capital Administration has filed an software with the U.S. Securities and Alternate Fee for a cryptocurrency exchange-traded fund.

In a Kind S-1 registration filed Tuesday with the regulatory physique, Victory stated it supposed to maneuver ahead with itemizing an exchange-traded fund, or ETF, monitoring the Nasdaq Crypto Index. The index consists of eight cryptocurrencies: Bitcoin (BTC), Ether (ETH), Bitcoin Money (BCH), Litecoin (LTC), Chainlink’s LINK, Stellar’s Lumen (XLM), Filecoin (FIL) and Uniswap’s UNI.

The Securities and Alternate Fee, or SEC, has not but authorised any crypto ETF in america. Corporations together with VanEck, Valkyrie Digital Property, and Constancy Investments have filed for crypto ETFs with the SEC, however the regulatory physique has delayed a closing choice with extensions and opening the matter to public feedback.

Associated: SEC Commissioner involved concerning the US lagging behind world Bitcoin ETFs

Victory introduced in June it will be taking steps for its U.S.-based traders to get publicity to the crypto market. The agency stated it will launch a non-public fund for accredited traders monitoring the Nasdaq Crypto Index and personal funds that may monitor the Nasdaq Bitcoin Reference Value Index and the Nasdaq Ethereum Value Index.

As of June 30, Victory Capital had greater than $161 billion in property underneath administration.

This story is creating and might be up to date.