<![CDATA[<figure class="image"><img src="https://cimg.co/news/125426/331265/coinshare.jpg" alt="" srcset="https://cimg.co/news/125426/331265/responsive-images/coinshare___media_library_original_1280_720.jpg 1280w, https://cimg.co/news/125426/331265/responsive-images/coinshare___media_library_original_1200_675.jpg 1200w, https://cimg.co/news/125426/331265/responsive-images/coinshare___media_library_original_900_506.jpg 900w, https://cimg.co/news/125426/331265/responsive-images/coinshare___media_library_original_720_405.jpg 720w, https://cimg.co/news/125426/331265/responsive-images/coinshare___media_library_original_600_338.jpg 600w, https://cimg.co/news/125426/331265/responsive-images/coinshare___media_library_original_300_169.jpg 300w" sizes="100vw" width="1280" class="content-img"><figcaption>Source: Twitter/CoinSharesCo&nbsp;</figcaption></figure>Popular crypto asset manager CoinShares has announced the launch of a crypto operation in the United States.<figure class="media"><oembed url="https://twitter.com/CoinSharesCo/status/1705184955997864323?s=20"></oembed></figure>According to a&nbsp;<a href="https://www.globenewswire.com/news-release/2023/09/22/2747885/0/en/CoinShares-Launches-Hedge-Fund-Division-Begins-U-S-Expansion.html">press release</a>&nbsp;on GlobeNewswire dated September 22, the new US operation will be called CoinShares Hedge Fund Solutions and will solely cater to cryptocurrency investors. This is despite a hostile crypto climate in the North American country.The eligible investors can trade across a range of private investment products as the crypto asset manager extends its market reach beyond the European crypto landscape.&nbsp;To identify potential institutional investors in this niche, parent company CoinShares Capital LLC will conduct marketing activities.The company, registered with the Financial Industry Regulatory Authority (FINRA), will provide a fast-track lane for the new business&rsquo; strategies and products.Leading this initiative is Lewis Fallas, a veteran asset management professional with 23 years of industry experience, including seven years in the crypto sector.Speaking on the new service rollout, CoinShares CEO Jean-Marie Mognetti stated that increasing interest rates in the financial markets have made it necessary for investors to have properly managed access to digital assets.&nbsp;&nbsp;Given this, the product will focus on providing its investors with a seamless and holistic experience while expanding its management offerings.&nbsp;Fallas also spoke on the company&rsquo;s reasons for the launch. According to him, the expected return of interest rate-driven volatility makes it an ideal time to launch new products targeted at the crypto market.&nbsp;Moreover, the crypto hedge fund service will provide a form of counterparty risk for investors to access well-mitigated investment classes with the proper strategies in place.<a href="https://cryptonews.com/news/coinshares-cso-meltem-demirors-says-crypto-increasing-political-power-heres-latest.htm">CoinShares</a>, however, did not disclose the specific crypto assets available to investors through this initiative.<h2 id="stormy-seas-in-the-us">Stormy Seas in the US</h2>Launched in 2008 and based in Jersey, CoinShares is registered with the&nbsp;<a href="https://www.jerseyfsc.org/industry/regulated-entities/entity/49805">Jersey Financial Services Commission</a>&nbsp;(JFSC) as both a financial services business (FSB) and an alternative investment fund service business (AIFSB).&nbsp;The platform gained global recognition when it introduced its pioneering Bitcoin exchange-traded products (ETPs) in 2015, followed by a similar product for Ether two years later.Its recent entry into the US market coincides with heightened regulatory scrutiny for crypto-related businesses.Crypto juggernauts like Coinbase and Binance.US are in a legal tussle with the US <a href="https://cryptonews.com/news/us-sec-seeks-public-comments-ark-vanecks-spot-ethereum-etfs.htm">Securities and Exchange Commission</a> (SEC) regarding digital asset services.Furthermore, Senator Elizabeth Warren, a popular anti-crypto spokesperson, has recently renewed her efforts to impose stricter regulations on the crypto industry.&nbsp;In a&nbsp;<a href="https://www.warren.senate.gov/newsroom/press-releases/warren-marshall-manchin-graham-expand-coalition-for-bipartisan-bill-cracking-down-on-cryptos-use-in-money-laundering-drug-trafficking-sanctions-evasion">coalition bill</a>&nbsp;backed by more than nine Democratic Party senators, Warren elaborated on the need for stringent regulation of digital assets.&nbsp;The Massachusetts constituent representative stated that the revamped Digital Asset Anti-Money Laundering Act will clamp down on loopholes enabling ransomware gangs, rogue nations, and criminals to move funds.&nbsp;
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Major European Crypto Asset Manager CoinShares to Launch US Division

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