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<a href="https://bitcoinworld.co.in/coinshares-gets-exclusive-rights-to-acquire-valkyrie-investments-crypto-etf-unit/" title="CoinShares Gets Exclusive Rights To Acquire Valkyrie Investments’ Crypto ETF Unit" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">CoinShares gets buying rights to Valkyrie’s crypto ETF unit</li>
 <li style="font-weight: 400">The deal comes as Bitcoin ETF applications in the U.S. are seemingly inching closer toward regulatory approval.</li>
</ul>
European digital asset management firm CoinShares secured the exclusive option to acquire the exchange-traded fund (ETF) unit of its United States competitor Valkyrie Investments, including the Valkyrie Bitcoin Fund that’s awaiting approval in the U.S.
CoinShares <a href="https://www.prnewswire.com/news-releases/coinshares-secures-strategic-option-to-acquire-valkyrie-funds-301990745.html" rel="noopener noreferrer nofollow">said</a> on Nov. 17 that the move helps it expand to the U.S., which could soon become the epicenter for ETF offerings. The firm’s CEO Jean-Marie Mognetti added he hopes the Valkyrie acquisition will help it capitalize on what is currently a fragmented global ETF market.
“The establishment of crypto spot ETPs in Europe since 2015, a development about to be mirrored in the U.S., is the perfect illustration,” said Mognetti. “This disparity in market evolution presents both challenges and significant opportunities.”
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;">Exciting update! <a href="https://twitter.com/CoinSharesCo?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CoinSharesCo</a> secures an option to acquire <a href="https://twitter.com/ValkyrieFunds?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ValkyrieFunds</a>, uniting our strengths to create a global one-stop-shop in digital asset investments. This marks a strategic leap towards market leadership and bolsters our strong presence in the U.S.!… <a href="https://t.co/0BPNGC518P" rel="noopener noreferrer nofollow">pic.twitter.com/0BPNGC518P</a>
 — CoinShares (@CoinSharesCo) <a href="https://twitter.com/CoinSharesCo/status/1725168576615612557?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 16, 2023</a>
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The option will remain active until March 31, 2024. For now, Valkyrie Funds will continue to operate as an independent entity until an acquisition by CoinShares is finalized.
Read Also: <a class="row-title" href="https://bitcoinworld.co.in/ark-invest-and-21shares-to-launch-crypto-etfs-next-week/" aria-label="“Ark Invest and 21Shares To Launch Crypto ETFs Next Week” (Edit)" rel="noopener noreferrer nofollow">Ark Invest and 21Shares To Launch Crypto ETFs Next Week</a>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Big News! Valkyrie is set to join the <a href="https://twitter.com/CoinSharesCo?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CoinSharesCo</a> family! We're thrilled about this partnership, uniting our U.S. market insights with CoinShares' global expertise. Together, we're redefining digital asset investment in the U.S. and beyond!<a href="https://t.co/jiLOMIm8qR" rel="noopener noreferrer nofollow">https://t.co/jiLOMIm8qR</a> <a href="https://t.co/s5URikl8Ci" rel="noopener noreferrer nofollow">pic.twitter.com/s5URikl8Ci</a>
 — Valkyrie (@ValkyrieFunds) <a href="https://twitter.com/ValkyrieFunds/status/1725168764532974032?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 16, 2023</a>
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The two crypto-centric firms also agreed on a brand licensing term where the CoinShares name would be used in future S-1 filings to the Securities and Exchange Commission — used to register a securities offering with the regulator when companies plan to go public.
If the SEC approves the Valkyrie Bitcoin Fund, Valkyrie plans to incorporate the CoinShares name into the ETF.
Valkyrie filed for the spot Bitcoin ETF on June 21, along with BlackRock and a host of other financial firms.
CoinShares, which oversees over $3.2 billion in assets under management, expressed its optimism toward the U.S. cryptocurrency ETF market in September and iterated that the economic powerhouse isn’t lagging on digital asset regulation.
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 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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The post <a href="https://bitcoinworld.co.in/coinshares-gets-exclusive-rights-to-acquire-valkyrie-investments-crypto-etf-unit/" rel="noopener noreferrer nofollow">CoinShares Gets Exclusive Rights To Acquire Valkyrie Investments’ Crypto ETF Unit</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

CoinShares Gets Exclusive Rights To Acquire Valkyrie Investments’ Crypto ETF Unit

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