Victory Capital to launch private funds based on Nasdaq cryptocurrency indices

The Nasdaq-listed asset manager Victory Capital, with assets of $157 billion, анонсировала the launch of private funds focused on cryptocurrencies.

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These vehicles are designed for accredited investors. Individually, they will track the performance of the Nasdaq Crypto Index, the Nasdaq Bitcoin Reference Price Index, and the Nasdaq Ethereum Price Index. The index creators—the eponymous exchange and Brazilian Hashdex—granted Victory Capital exclusive rights to them in the United States.

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“We respond to the needs of our clients. They view cryptocurrencies as a viable asset class for diversifying investment portfolios. We are exploring additional options to create similar opportunities for a broader range of investors,” commented Mannik Dillon, president of the VictoryShares and Solutions subsidiary.

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Earlier in February, Hashdex launched an exchange-traded fund on the Bermuda Stock Exchange based on the Nasdaq Crypto Index (NCI).

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