Victory Capital Digital Assets LLC has filed with the SEC to launch a new crypto ETF based on the NASDAQ crypto index. The S-1 form of the US Securities and Exchange Commission will be reportedly tracking the performance of the NASDAQ crypto index (NCI).
Detailing further, the Nasdaq Crypto Index is made up of crypto assets that have a large market capitalization, and it was generated in cooperation with Hashdex Ltd., which is an asset management company that targets crypto assets.
The Securities and Exchange Commission of the United States (SEC) is considering an S-1 form that, as revealed, will reportedly follow the performance of NCI.
Victoria Capital Digital Assets, LLC, is a company based in Delaware, and it is the latest firm that has filed the S-1 form.
The tweet received a lot of positive and bullish responses.
It should be noted that back in the month of June of this year, Victory Capital Holdings traded on the NASDAQ as VCTR joined hands with Hashdex Ltd.
Well, with the help of this partnership, Victory Capital had intentions to enter the crypto market with a new crypto ETF (Exchange Traded-Fund).
In addition to all the details mentioned above, the report mentioned that apart from the ETF that will be tracking the NASDAQ Crypto Index, Victory Capital has some plans for its investors.
The firm is planning to offer the investors the option to work with private funds that follow the BTC Reference Price Index and the ETH Price Index, both of which are launched by the NASDAQ.
Moreover, it should be noted that Hashdex, which collaborated with VCTR, will be reportedly providing assistance for the generation and the introduction of these products in the market.