Victory Capital to launch private crypto-focused fund with Hashdex

Victory Capital Holdings (VCTR) announces plans to enter cryptocurrency market in collaboration with Hashdex.The company says its wholly owned investment adviser, Victory Capital Management, has established exclusive agreements with both Nasdaq and crypto-focused asset manager Hashdex ahead of the plan to launch a private fund that will track Nasdaq Crypto Index ((NCI)).Additionally, Victory Capital will be offering private funds that track the Nasdaq Bitcoin Reference Price Index as well as the Nasdaq Ethereum Price Index. Under the collaboration, Hashdex will provide its trading and asset management expertise to each of these products.NCI is a rule-based multi-coin crypto index co-developed by Nasdaq and Hashdex. It was developed to address growing institutional interest in digital assets and employs strict eligibility criteria and is rebalanced quarterly to maintain a current representation of this market.Stock is up 2% pre-market.Previously (June 8): Bitcoin and Ethereum cryptocurrencies plunge following FBI seizure