Investment firm Victory Capital Direction has filed an awarding with the United States Securities and Commutation Commission (SEC) for a cryptocurrency exchange-traded fund.

In a Class S-1 registration filed Tuesday with the regulatory body, Victory said it intended to move frontward with list an exchange-traded fund, or ETF, tracking the Nasdaq Crypto Index equally part of an agreement with Brazilian fund managing director Hashdex. The index consists of eight cryptocurrencies: Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Chainlink'southward LINK, Stellar's Lumen (XLM), Filecoin (FIL) and Uniswap'south UNI.

"A potential future ETF offering volition provide our clients with user-friendly exposure to multiple coins while introducing a new asset class for their portfolios," said Mannik Dhillon, president of VictoryShares, Victory Majuscule's ETF provider.

The SEC has not even so approved any crypto ETF in the The states. Companies including VanEck, Valkyrie Digital Assets and Allegiance Investments have practical for registering crypto ETFs with the SEC, but the regulatory body has delayed any terminal decision past using extensions and opening the matter to public comments.

Related: SEC Commissioner concerned about the Usa lagging behind global Bitcoin ETFs

Victory appear in June that information technology would be taking steps for its U.Southward.-based investors to get exposure to the crypto marketplace. The house said it would launch a private fund — now called the Victory Hashdex Nasdaq Crypto Index Fund — for accredited investors tracking the index and private funds that will track the Nasdaq Bitcoin Reference Price Alphabetize and the Nasdaq Ethereum Price Index.

Equally of June 30, Victory Uppercase had more than $161 billion in assets under management. The price of Victory Capital Holdings' stock on the Nasdaq under the ticker VCTR has risen more than ix% in the last week to reach $31.95 at the time of publication.