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You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/coinshares-acquires-valkyrie-funds-to-expand-into-u-s-market" rel="noopener noreferrer nofollow">CoinShares Acquires Valkyrie Funds to Expand into U.S. Market</a> 
Digital asset management firm CoinShares has strategically acquired Valkyrie Funds as part of its plan to enter the U.S. market, following the approval and listing of spot <a href="https://en.bitcoinhaber.net/the-exciting-december-in-the-crypto-currency-world-bitcoin-and-ethereum-set-new-records-predictions-continue" rel="noopener noreferrer nofollow">Bitcoin</a> exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Valkyrie Funds is an investment advisory branch of Valkyrie Investments, focusing on spot Bitcoin ETFs.
CoinShares CEO Jean-Marie Mognetti stated that the acquisition aims to bring their European success to the U.S. and offer American investors unique access to regulated digital asset investment products. The expansion demonstrates CoinShares’ ambition to be a global leader in the digital asset space.
Founded in 2013, CoinShares is a European investment firm specializing in digital assets, offering a range of financial services including investment management and trading. It is regulated in various jurisdictions and publicly listed on Nasdaq Stockholm and OTCQX.
The acquisition will increase CoinShares’ assets under management (AUM) by approximately $110 million, adding to its current AUM of $4.5 billion. This increase comes from Valkyrie’s existing ETF products, including The Valkyrie Bitcoin and Ether Strategy ETF and The Valkyrie Bitcoin Miners ETF.
Valkyrie’s spot Bitcoin ETF, launched and traded on January 11, was the third lowest performer by trading volume among the 11 spot Bitcoin ETFs, with a trading volume of less than $9 million, significantly lower compared to BlackRock’s and Grayscale’s spot Bitcoin ETFs with $1 billion and $2.27 billion in trading volume, respectively.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/coinshares-acquires-valkyrie-funds-to-expand-into-u-s-market" rel="noopener noreferrer nofollow">CoinShares Acquires Valkyrie Funds to Expand into U.S. Market</a></h5>

CoinShares Acquires Valkyrie Funds to Expand into U.S. Market

BH NEWS

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