Investment entity Victory Capital Management has reportedly submitted a filing with the US SEC to operate a cryptocurrency exchange-traded fund (ETF).

Specifically, via the submission of a Form S-1 registration with the regulatory agency, Victory reportedly revealed its intention to carry on with its plan for finalizing a listing for an exchange-traded fund (ETF), tracking the Nasdaq Crypto Index, as included in the scope of a deal with the fund manager from Brazil – Hashdex. 

The index reportedly made up of eight virtual coins, including Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Chainlink’s LINK, Stellar’s Lumen (XLM), Filecoin (FIL) and Uniswap’s UNI.

“A potential future ETF offering will provide our clients with convenient exposure to multiple coins while introducing a new asset class for their portfolios,” Mannik Dhillon, president of VictoryShares, Victory Capital’s ETF provider, reportedly remarked regarding the development. 

The SEC has reportedly not granted any regulatory greenlight for any crypto ETF across America. Firms such as VanEck, Valkyrie Digital Assets and Fidelity Investments have submitted their applications for the registration of crypto ETFs with the agency, but it has postponed all final status, via using extensions and putting up the registration for the general audience to comment. 

Victory reportedly disclosed in June its initiative to make moves to enable its investors based in America to gain exposure to the crypto market. 

The company reportedly revealed the plan to roll out a private fund – which now goes by the name the Victory Hashdex Nasdaq Crypto Index Fund – devoted to accredited investors tracking the index and private funds that will track the Nasdaq Bitcoin Reference Price Index and the Nasdaq Ethereum Price Index.