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21 June 2021

Victory Capital Shares Plans to Enter Crypto Market | Crypto Briefing

Victory Capital Shares Plans to Enter Crypto Market | Crypto Briefing


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The fund will sell securities that track the performance of the Nasdaq Crypto Index (NCI), an index composed of a portfolio of leading crypto assets for institutional investors.

Victory Capital will also offer private funds that track the Nasdaq Bitcoin Reference Price Index and Nasdaq Ethereum Price Index, two other well-known cryptocurrency-focused indexes managed by Nasdaq designed to help bridge the gap between traditional and crypto markets.

Mannik Dhillon, President of VictoryShares and Solutions, explained that a private fund based on a crypto index like NCI would help the firm gain exposure to cryptocurrencies for investors interested in the asset class.

“By investing in a portfolio designed to track the NCI, investors can seek returns that align with the cryptocurrency market in a diversified manner, gaining exposure to multiple digital assets as this market continues to evolve and mature.

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