CoinShares Secures Acquisition Rights to Valkyrie’s Crypto ETF Unit


European Digital Asset Giant CoinShares Seizes Opportunity for Market Dominance in the U.S. through Strategic Valkyrie Investments Move

  • CoinShares, a prominent European digital asset manager, secures exclusive rights to acquire Valkyrie Funds, the ETF unit of U.S. competitor Valkyrie Investments.  
  • This strategic move marks CoinShares’ foray into the U.S. market, positioning itself to capitalize on the country’s potential emergence as the epicenter for Exchange-Traded Fund (ETF) offerings.
  • The acquisition, coupled with a brand licensing agreement and plans for SEC approval, underscores CoinShares and Valkyrie’s joint vision to redefine digital asset investments globally and contribute to the evolving U.S. cryptocurrency ETF market.

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CoinShares, a European digital asset manager, has entered the spotlight with a strategic move involving Valkyrie Investments. Valkyrie, a U.S.-based competitor, is recognized for its diverse investment portfolio, including the awaited approval for the Valkyrie Bitcoin Fund.

CoinShares recently secured an exclusive option to acquire Valkyrie Funds, the ETF unit of Valkyrie Investments. This move positions CoinShares to expand its foothold in the United States, a key player in the rapidly growing landscape of Exchange-Traded Funds (ETFs).

The acquisition option is a strategic maneuver for CoinShares to establish a stronger presence in the U.S. market, particularly as the country emerges as a potential epicenter for ETF offerings. CoinShares aims to leverage this opportunity to navigate the fragmented global ETF market successfully.

Given the evolving dynamics of the U.S. ETF space, CoinShares sees this move as pivotal. The company’s CEO, Jean-Marie Mognetti, envisions the acquisition as a means to capitalize on the growth opportunities presented by the U.S. market, setting the stage for CoinShares to become a global force in digital asset investments.

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Acquisition Details and Brand Licensing Agreement

The exclusive option for CoinShares to acquire Valkyrie Funds is active until March 31, 2024. This finite timeline outlines the window within which the acquisition process will unfold.

During this period, Valkyrie Funds will maintain its independent operations until the acquisition by CoinShares is finalized. This ensures continuity in the services provided by Valkyrie Funds.

CoinShares and Valkyrie have jointly expressed enthusiasm about this strategic collaboration. Both companies see this partnership as a unique opportunity to combine their strengths and redefine digital asset investments on a global scale.

As part of their agreement, CoinShares will lend its name to future S-1 filings with the U.S. Securities and Exchange Commission (SEC). This brand licensing agreement signifies a level of integration and mutual commitment between the two entities.

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SEC Approval, Future Plans, and Market Outlook

Pending approval from the SEC for the Valkyrie Bitcoin Fund, plans are in place to incorporate the CoinShares name into the ETF. This aligns with the broader strategy of creating a unified identity in the U.S. digital asset market.

Valkyrie’s filing for the spot Bitcoin ETF on June 21, alongside major financial firms, underscores the industry’s recognition of the potential of cryptocurrency in traditional financial markets. This move adds weight to the significance of the CoinShares-Valkyrie partnership.

CoinShares has previously expressed optimism about the U.S. cryptocurrency ETF market. As early as September, the firm demonstrated confidence that the U.S., as an economic powerhouse, is not lagging behind in digital asset regulation.

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