The US Securities and Exchange Commission is considering approving of the launch of a new crypto exchange-traded fund that would track the performance of the NASDAQ crypto index.
Forms were filed for the VictoryShares Hashdex Nasdaq Crypto Index yesterday by Victory Capital Digital Assets LLC.
VICTORYSHARES HASHDEX NASDAQ CRYPTO INDEX ETF FILES S-1 WITH U.S. SEC
— *Walter Bloomberg (@DeItaone) August 4, 2021
The Nasdaq Crypto Index (NCI) is made up of crypto-assets with a large market cap and was created in collaboration with Hashdex Ltd – an asset management company focused on crypto assets, and assigned to provide assistance for the creation and launch of these products.
Victory Capital Holdings previously traded on the NASDAQ as VCTR partnered with Hashdex Ltd. The company plans to offer investors the option to work with private funds that follow the BTC Reference Price Index and the ETH Price Index, both launched by the Nasdaq.
An official statement said: “The VictoryShares Hashdex Nasdaq Crypto Index ETF will invest substantially all of its assets directly in the digital assets, blockchain-based assets and other digital assets (“cryptocurrencies”) that are components of the Index and will invest in such cryptocurrencies in approximately the same weight as they represent in the index.”
The company added that, in the near future, it plans to offer private funds that will track the Nasdaq Bitcoin Reference Price Index as well as the Nasdaq Ethereum Price Index.
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