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Victory Capital Applies to SEC for Crypto ETF

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

Updated Sep 14, 2021, 1:35 p.m. Published Aug 4, 2021, 11:59 a.m.
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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).

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  • 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.

Read more: SEC Chairman Gensler Agrees With Predecessor: ‘Every ICO Is a Security’

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Dogecoin pops 4% amid memecoin rally as a short-term golden cross flashes

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Technical indicators suggest Dogecoin's rally is supported by strong volume, but it must maintain key support levels to continue upward momentum.

What to know:

  • Dogecoin surged to $0.1516, driven by high trading volume and renewed interest in meme coins.
  • The broader meme coin market, including Dogecoin and Pepe, saw significant gains as traders embraced 'meme season.'
  • Technical indicators suggest Dogecoin's rally is supported by strong volume, but it must maintain key support levels to continue upward momentum.