CoinShares exercises option to buy Valkyrie Funds

2024-1-15 17:13

CoinShares exercises option to buy Valkyrie Funds following SEC’s spot ETFs approval. The acquisition will add $110 million in assets under management (AUM) to CoinShares’ $4.5 billion. It also allows the Europe-based asset manager to expand into the US.

CoinShares, a digital assets investment firm based in Jersey, Channel Islands, has exercised its option to buy Valkyrie Funds LLC, the crypto exchange-traded funds arm of US-based firm Valkyrie Investments Inc.

The acquisition allows CoinShares to enter the US market, and follows the US Securities and Exchange Commission (SEC)’s approval of spot Bitcoin ETFs, the company said in a press release published on Friday.

On Wednesday, SEC allowed spot Bitcoin ETFs to start trading on stock exchanges, including The Valkyrie Bitcoin Fund (BRRR). Like the other funds, which include BlackRock’s IBIT, Fidelity’s FBTC and Ark/21 Shares’ ARKB, BRRR trading went live on Nasdaq on January 11, 2024 at 09:30 am ET.

SEC’s approval provides a positive regulatory development for the crypto industry, and offers CoinShares an opportunity to expand its crypto footprint into the US market.

“Exercising our option to acquire Valkyrie Funds aims at extending our European success in the U.S, offering unparalleled access to regulated digital asset products to American investors. This expansion is a clear statement of our appetite for acquisition to support our ambition to be a global leader in the digital asset space,” Jean-Marie Mognetti, CEO of CoinShares, said in a statement.

When the companies finalise the strategic acquisition, CoinShares’ current assets under management (AUM), of $4.5 billion will increase by about $110 million. 

The increase will account for the current total AUM of Valkyrie’s ETF products. These include the just approved Bitcoin Fund (BRRR) and previous offerings Bitcoin and Ether Strategy ETF (BTF) and Bitcoin Miners ETF (WGMI). 

Valkyrie Funds will maintain its operational independence until after the deal has received the necessary legal approval. The companies did not disclose the deal’s financial terms.

The post CoinShares exercises option to buy Valkyrie Funds appeared first on CoinJournal.

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coinshares funds valkyrie buy option exercises assets

Источник: coinjournal.net

coinshares funds → Результатов: 79


Жан-Мари Могнетти: CoinShares приобрела управляющую компанию Valkyrie Funds

CoinShares International, поставщик инвестиционных услуг в области цифровых финансов, объявила о приобретении Valkyrie Funds, специализирующейся на управлении биржевыми фондами цифровых активов.

2024-1-13 15:34


CoinShares Predicts $141,000 Bitcoin Price, Forecasts $14.4 Billion Inflows From ETFs

In a recently published report by CoinShares, analyst James Butterfill delves into the relationship between inflows into Bitcoin exchange-traded funds (ETFs) and changes in the Bitcoin price.   The report addresses the critical question of how much inflow into ETFs could be anticipated upon launching a Bitcoin spot ETF in the US and the potential impact of these flows on the Bitcoin Price.

2023-11-18 01:00


Фото:

Inflows into crypto investment products reach highest level in 15 months

Inflows into crypto investment products rose to a 15-month high amid the recent optimism surrounding the anticipated approval spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U. S. In its latest weekly report, CoinShares revealed that crypto investment products recorded an inflow of $326 million last week, its largest since July 2022.

2023-10-31 20:50


Ethereum futures ETFs launch to tepid demand; Bitcoin and Solana remain favored investment products

Ethereum (ETH) investment products struggled to record notable inflow despite the recent launch of several Ether futures-based exchange-traded funds (ETF) last week. According to CoinShares’ latest weekly report, these ETFs’ attraction of a meager sum of $10 million underscores the “tepid appetite” for Ethereum among investors.

2023-10-10 18:10


ETF delay disappointment triggers $55M outflow from digital assets – reports

Digital asset investment products experienced a significant outflow of funds this week, totaling $55 million, according to the weekly report by CoinShares. Analysts, including James Butterfill, believe the market’s reaction is due to the disappointment from recent media reports indicating a delay by the US Securities & Exchange Commission in approving a US spot-based ETF.

2023-8-21 16:08


Bitcoin And Other Crypto Funds See Institutional Inflows For Second Week In A Row

Institutional investors seem to be regaining confidence in cryptocurrencies as for the second week in a row, crypto investment funds saw net inflows from investors. According to a report from digital asset manager CoinShares, investments in digital asset funds increased by $125 million during the last week, making this the second consecutive week of inflows. […]

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