CoinShares International Limited the European investment
company specializing in digital assets, has finalized its acquisition of
Valkyrie Funds LLC and the investment advisory business of Valkyrie Investments
Inc., along with the Sponsor rights to the Valkyrie Bitcoin Fund, a
physically-backed Bitcoin ETF.
This acquisition, which incorporates approximately $530
million of assets under management (AUM) from Valkyrie, has propelled
CoinShares’ global AUM to approximately $7.3 billion as of March 11, 2024. CoinShares
had previously secured the option to acquire Valkyrie in November 2023, and the
acquisition process commenced following the launch of Valkyrie Bitcoin Fund in
January 2024.
Moving forward, CoinShares aims to
leverage the infrastructure of the Valkyrie ETF to expand its US asset
management operations, focusing on product innovation and market distinction.
The new platform will function as a forward-looking thematic asset manager for
the US market, drawing on the success of unique thematic products such as
$WGMI, recognized as the highest-performing non-leveraged ETF across all
sectors in 2023, and the recently introduced $BTFX, a 2x leveraged bitcoin
futures ETF.
CoinShares International Limited the European investment
company specializing in digital assets, has finalized its acquisition of
Valkyrie Funds LLC and the investment advisory business of Valkyrie Investments
Inc., along with the Sponsor rights to the Valkyrie Bitcoin Fund, a
physically-backed Bitcoin ETF.
This acquisition, which incorporates approximately $530
million of assets under management (AUM) from Valkyrie, has propelled
CoinShares’ global AUM to approximately $7.3 billion as of March 11, 2024. CoinShares
had previously secured the option to acquire Valkyrie in November 2023, and the
acquisition process commenced following the launch of Valkyrie Bitcoin Fund in
January 2024.
Moving forward, CoinShares aims to
leverage the infrastructure of the Valkyrie ETF to expand its US asset
management operations, focusing on product innovation and market distinction.
The new platform will function as a forward-looking thematic asset manager for
the US market, drawing on the success of unique thematic products such as
$WGMI, recognized as the highest-performing non-leveraged ETF across all
sectors in 2023, and the recently introduced $BTFX, a 2x leveraged bitcoin
futures ETF.
