CoinShares Exercises Option to Buy Bitcoin ETF Provider Valkyrie to Add U.S. Arm
Summary
Crypto asset manager CoinShares has exercised its option to purchase the exchange-traded fund (ETF) unit of Valkyrie Investments. This decision was made following the U.S. Securities and Exchange Commission's approval of the listing of spot bitcoin ETFs, including Valkyrie's. The acquisition will add around $110 million to CoinShares' existing assets under management of $4.5 billion. The acquisition includes the newly approved spot Valkyrie Bitcoin Fund, the Bitcoin and Ether Strategy ETF, and the Bitcoin Miners ETF. The financial terms of the acquisition have not been disclosed.
