Victory Capital to launch a cryptocurrency investment fund – Bits Media

Victory Capital, asset manager for $157 billion, announced plans to launch a fund for investment in cryptocurrencies.

The company said in a statement, that the fund will be available after signing an exclusive agreement with the Nasdaq stock exchange and Hashdex, specializing in the management of crypto actures. The fund will invest in cryptocurrencies, basically on the Nasdaq Index Crypto Index.

Accredited investors will be able to buy funds of the fund. At the same time, in the future, Victory Capital plans to launch two more funds, The shares of which will be calculated on the basis of the Nasdaq Bitcoin Reference Price Index and Nasdaq Ethereum Price Index. Victory Capital President (Mannik Dhillon) noted:

“We continue to strive for that, to provide our customers with the most advanced opportunities. We count, that cryptocurrencies are a completely viable class of assets, which fits well into the diversified investment portfolio ".

Currently, institutional investors are led out from cryptocurrencies. According to Coinshares, For a week with 31 yeast 6 June outflow of money of institutional investors from Bitcoin funds compiled $141 million.