CoinShares Acquires Valkyrie Bitcoin ETF To Enhance Its Presence In US
The post CoinShares Acquires Valkyrie Bitcoin ETF To Enhance Its Presence In US appeared first on Coinpedia Fintech News
To increase its presence in the US, CoinShares International Limited has announced the acquisition of Valkyrie Funds LLC, with the Sponsor rights to the Valkyrie Bitcoin Fund, which is a significant milestone in the firm’s expansion strategy. The acquisition takes CoinShares’ Assets Under Management to approximately $7.3 billion. Coinshares aim to be a dominant player in the US digital asset landscape by leveraging Valkyrie’s established platform and expertise. Jean-Marie Mognetti, the CEO of CoinShares, expressed enthusiasm on the acquisition and its impact on CoinShares’ growth.
