Victory Capital is getting ready to enter the cryptocurrency market via its personal fund for accredited investors that will track the Nasdaq Crypto Index [NCI].
The Texas-based company [NADAQ: VCTR] also revealed its plans to launch private funds tracking the Nasdaq Bitcoin Reference price level as well as the Nasdaq Ethereum price level, which it added earlier today on Wednesday.
Victory Capital is launching the products in collaboration with digital asset manager Hashdex. Brazil-based Hashdex developed the NCI with Nasdaq to assist foster institutional interest in virtual assets.
Earlier also, it offered index-tracking cryptocurrency funds to non-United States accredited investors in a partnership.
The new partnering with Hashdex to offer such cryptocurrency funds makes [Victory Capital] “the exclusive sponsor of personal placement funds and other vehicles for United States investors,” consistent with the official announcement.