Victory Capital has applied to the U.S. Securities and Exchange Commission (SEC) to list an exchange-traded fund (ETF) tracking the Nasdaq Crypto Index (NCI).

• The Nasdaq-listed company filed an S-1 form to the regulator Wednesday, adding its name to a long list of crypto ETF hopefuls in the U.S.

• The SEC is reviewing more than a dozen similar applications and has yet to approve a single one. Some applicants have had their approval windows extended more than once.

• Victory Capital revealed its plans to enter the crypto market in June through a private fund tracking the NCI aimed at accredited investors.

• The firm also announced its intention to launch private funds that mirrored equivalent Nasdaq indexes tracking the performances of bitcoin and ether.

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