CoinShares, a European digital asset investment company It has completed the acquisition of Valkyrie Funds, which includes sponsor rights to the company’s Bitcoin ETF.
As part of the deal, CoinShares also acquired Valkyrie Investments’ investment advisory business and sponsor rights to the Bitcoin ETF Valkyrie Bitcoin Fund, according to CoinShares. announceOn March 12
The acquisition price is decided at the end of the three-year earnings period. The deal also brings other Valkyrie ETFs managed by CoinShares, including the Valkyrie Bitcoin and Ether Strategy ETF, the Valkyrie Bitcoin Miners ETF and the Valkyrie Bitcoin Futures Leveraged Strategy ETF.
Jean-Marie Mognetti, CEO of CoinShares, said the United States is an important market for global asset managers.
“The acquisition of Valkyrie is another step in our growth strategy. With a special focus on the United States. This will bring an additional $530 million in AUM to CoinShares and position us as a leading contributor from day one. More importantly, it expands our product offerings and strengthens our innovation capabilities.”
Following the acquisition, CoinShares will begin rebranding Valkyrie and its products under its own ecosystem. CoinShares will have the option to purchase Valkyrie starting November 2023. The acquisition is part of CoinShares’ plans to expand its cryptocurrency exchange platform. Manage assets in the United States
refer : cointelegraph.com
picture coinshares.com
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