The US Security and Exchange Commission is considering an S-1 form for the launch of a new crypto exchange-traded fund (ETF) that will be tracking the performance of the NASDAQ crypto index (NCI) – VictoryShares Hashdex Nasdaq Crypto Index ETF.
VICTORYSHARES HASHDEX NASDAQ CRYPTO INDEX ETF FILES S-1 WITH U.S. SEC
— *Walter Bloomberg (@DeItaone) August 4, 2021
The Nasdaq Crypto Index is made up of crypto assets with large market cap and it was created in collaboration with Hashdex Ltd – an asset management company focused on crypto assets.
The S-1 form was filed today by Victory Capital Digital Assets, LLC based in Delaware.
In early June this year, Victory Capital Holdings traded on the NASDAQ as VCTR partnered with Hashdex Ltd.
Via this partnership, Victory Capital intended to enter the crypto market with the new crypto ETF.
Aside from this ETF that will be tracking NCI, Victory Capital plans to offer investors to work with private funds that follow the BTC Reference Price Index and the ETH Price Index both launched by the Nasdaq.
Hashdex will provide its assistance for the creation and luanch of these products.