$157B Victory Capital plans to enter crypto market

$157B Victory Capital plans to enter crypto market

“The firm aims to let U.S. investors get exposure to crypto through a private fund tracking the Nasdaq Crypto Index.
Investment firm Victory Capital Management announced it would be taking steps for its U.S.-based investors to get exposure to the crypto market.In a Wednesday announcement, Victory Capital said it would be the exclusive sponsor of “private placement funds and other vehicles” based on the Nasdaq Crypto Index, or NCI, an index developed by Nasdaq and Brazilian crypto asset manager Hashdex. The firm said it plans to launch a private fund for accredited investors tracking the NCI, as well as private funds that will track the Nasdaq Bitcoin Reference Price Index and the Nasdaq Ethereum Price Index.“Cryptocurrency is a viable asset class that can be part of a well-diversified portfolio,” said Victory Capital’s ETF provider VictoryShares president Mannik Dhillon. “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.”Hashdex partnered with Nasdaq to issue a Bitcoin exchange-traded fund in Bermuda in September, with the Bermuda Stock Exchange approving the product in February. Its Nasdaq Crypto Index consists of 8 cryptocurrencies: Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Chainlink (LINK), Stellar (XLM), Filecoin (FIL), and Uniswap (UNI).As of April 30, Victory Capital has more than $157 billion in assets under management. In contrast, digital asset manager Grayscale reported yesterday that it has $30.9 billion assets under management for its crypto investments.”

Source: Cointelegraph.com News

Tezos: How this symmetrical triangle could kickstart a rally

“Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Since early September, Tezos’s price has progressed steadily on the chart. The creation of three higher peaks and higher lows identified a healthy uptrend as XTZ  ascended to fresh

Breaking: FinCEN Links $5.2 Billion to Bitcoin ($BTC) Ransomware Payments

“The US Treasury Department’s Financial Crime Enforcement Network (FinCEN) revealed a whopping $5.2 billion linked to ransomware payments in Bitcoin ($BTC). Fincen reportedly linked these BTC transactions to the top 10 most common ransomware attacks. The data analyzed by Fincen included 2,184 Suspicious Activity Report (SARs) filed between 1 January

Cardence Announces Upcoming IDO – SpinADA

“[PRESS RELEASE – Please Read Disclaimer] Cardence is excited to announce its up-and-coming IDO – SpinADA.cash – which among many features boasts fully anonymous transactions on the Cardano blockchain. SpinADA.cash is a fully decentralized protocol for private transactions on Cardano, which breaks the on-chain link between senders and receivers of

A New DEX is Here: MojitoSwap on KCC Chain

“MojitoSwap, a decentralized exchange (DEX) based on the KCC protocol, has gone live. MojitoSwap was created by a group of KCS community members with the goal of providing easy access to the KCC DeFi ecosystem. Unlike a centralized exchange, a Decentralized Exchange, or DEX, offers people the ability to trade