Summary
CoinShares, a Europe-focused crypto investment firm, is set to acquire the fund division of Valkyrie Investments following the approval of US spot bitcoin ETFs. CoinShares aims to extend its success in Europe to the US market and become a global leader in the digital asset space. The acquisition of Valkyrie Funds will add about $110 million in assets under management to CoinShares’ roughly $4.5 billion in assets. The deal is pending legal requirements and board approval.
Key Points
1. CoinShares is set to acquire the fund division of Valkyrie Investments as part of its expansion following the approval of US spot bitcoin ETFs.
2. CoinShares aims to extend its success in Europe to the US by acquiring Valkyrie Funds, which holds about $110 million in assets.
3. The deal is pending legal requirements and board approval, and the specific terms of the acquisition were not disclosed.