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 <p class="is-style-lead">CoinShares, a European crypto investment firm, has <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a>ed a new <a rel="noopener noreferrer nofollow" title="hedge" href="https://thebittimes.com/tag/hedge.html">hedge</a> fund aimed at qualified U.S. investors as part of the company’s strategy to expand its geographical coverage.</p> 
 <p>In a press statement, the firm said its new hedge fund division called “CoinShares Hedge Fund Solution” will be offering a diverse range of products, while CoinShares Capital, a FINRA-licensed broker-dealer, will be conducting “marketing activities.”</p> 
 <p>Amid the news, CoinShares stocks on Sweden’s Nasdaq First North Growth Market jumped as much as 2.59% to 43,60 SEK ($3.90).</p> 
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 <p>In addition to the <a rel="noopener noreferrer nofollow" title="hedge" href="https://thebittimes.com/tag/hedge.html">hedge</a> fund <a rel="noopener noreferrer nofollow" title="division" href="https://thebittimes.com/tag/division.html">division</a>, CoinShares also previously filed plans with the U.S. Securities and Exchange Commission (SEC) to <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> two new crypto funds focusing on Bitcoin (BTC) and Ethereum (ETH) respectively. However, as Bloomberg noted, the two investment products are yet to process their first sales.</p> 
 <p>In July 2023, CoinShares reported a significant influx of institutional capital into the crypto markets. According to the firm, the crypto markets have seen the highest inflows for 2023 shortly after BlackRock filed an application for a bitcoin exchange-traded fund (ETF) with the SEC.</p> 
 <p>Founded in 2013, CoinShares is the largest European crypto management firm, overseeing more than $2.5 billion in assets under management.</p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-operator-coinshares-launches-u-s-hedge-fund-division-tbt63689.html">https://thebittimes.com/crypto-operator-coinshares-launches-u-s-hedge-fund-division-tbt63689.html</a></p>

Crypto operator CoinShares launches U.S. hedge fund division

TheBitTimes

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