On Friday, Coinshares International Limited, announced that the firm has acquired Valkyrie Funds LLC, the U.S.-based digital asset manager. The Saint Helier company said the decision comes after a direct result of Valkyrie’s spot bitcoin exchange-traded fund (ETF) approval.
Coinshares Amplifies U.S. Market Influence With Key Acquisition
Coinshares detailed on Jan. 12, 2024, that the firm has acquired the digital currency asset manager Valkyrie. The company disclosed the deal will also include Valkyrie’s existing exchange-traded products such as the Valkyrie Bitcoin Fund (BRRR), the Bitcoin and Ether Strategy ETF (BTF), and the Bitcoin Miners ETF (WGMI).
The firm detailed that the move aligns with Coinshares’ strategy to provide digital currency offerings in the U.S. market. At the end of September 2023, Coinshares announced its new hedge fund division and its U.S. expansion plans. The acquisition of Valkyrie will increase Coinshares’ current $4.5 billion in assets under managem
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