The acquisition is set to increase CoinShares' AUM by approximately $110 million.
Final due diligence, legal agreements, and board approval are pending.
CoinShares
International Limited has officially exercised its option to acquire Valkyrie
Funds LLC, the US digital asset manager's investment advisory business
specializing in actively managed cryptocurrency exchange-traded funds (ETFs).
This strategic move follows the recent approval by the US Securities and
Exchange Commission for the issuance of Valkyrie's spot Bitcoin ETF, The
Valkyrie Bitcoin Fund.
CoinShares
Awaits Strengthened AUM through Valkyrie Funds Acquisition
The
Valkyrie Bitcoin Fund commenced trading on January 11 at 09:30 am ET on Nasdaq,
marking a milestone for the company as part of the first cohort of issuers for
such products in the US. CoinShares' decision to acquire Valkyrie Funds aligns
with the positive developments in the US regulatory landscape and reflects its
strategy to expand its digital asset offerings in the American market.
Upon
completion, the acquisition
is anticipated to strengthen CoinShares' existing assets under management (AUM)
of $4.5 billion by approximately $110 million. This addition represents the
current level of AUM within Valkyrie's existing ETF products, including The
Valkyrie Bitcoin Fund, The Valkyrie Bitcoin and Ether Strategy ETF, and The
Valkyrie Bitcoin Miners ETF.
Jean-Marie
Mognetti, the CEO of CoinShares, commented on the development:
"Exercising our option to acquire Valkyrie Funds aims at extending our
European success in the US, offering unparalleled access to regulated digital
asset products to American investors. This expansion is a clear statement of
our appetite for acquisition to support our ambition to be a global leader in
the digital asset space."
Valkyrie
Funds Anticipates Successful Partnership
The
exercise of this acquisition option marks a pivotal step in the process,
underscoring CoinShares' commitment to incorporating Valkyrie Funds into its
portfolio. The integration of Valkyrie's funds and operations into the
CoinShares group is expected to enhance the company's position in the American digital asset
investment market.
Leah
Wald, the CEO of Valkyrie Funds, expressed excitement about the partnership:
"CoinShares has established itself as a premier player in the digital
asset space, and we're excited to see how they continue advancing the space by
leveraging Valkyrie's team and expertise."
The
acquisition is pending the completion of satisfactory due diligence, the
finalization of necessary legal agreements, and final approval from the CoinShares board.
Valkyrie Funds will maintain its operational independence until the acquisition
is fully executed and finalized.
CoinShares
International Limited has officially exercised its option to acquire Valkyrie
Funds LLC, the US digital asset manager's investment advisory business
specializing in actively managed cryptocurrency exchange-traded funds (ETFs).
This strategic move follows the recent approval by the US Securities and
Exchange Commission for the issuance of Valkyrie's spot Bitcoin ETF, The
Valkyrie Bitcoin Fund.
CoinShares
Awaits Strengthened AUM through Valkyrie Funds Acquisition
The
Valkyrie Bitcoin Fund commenced trading on January 11 at 09:30 am ET on Nasdaq,
marking a milestone for the company as part of the first cohort of issuers for
such products in the US. CoinShares' decision to acquire Valkyrie Funds aligns
with the positive developments in the US regulatory landscape and reflects its
strategy to expand its digital asset offerings in the American market.
Upon
completion, the acquisition
is anticipated to strengthen CoinShares' existing assets under management (AUM)
of $4.5 billion by approximately $110 million. This addition represents the
current level of AUM within Valkyrie's existing ETF products, including The
Valkyrie Bitcoin Fund, The Valkyrie Bitcoin and Ether Strategy ETF, and The
Valkyrie Bitcoin Miners ETF.
Jean-Marie
Mognetti, the CEO of CoinShares, commented on the development:
"Exercising our option to acquire Valkyrie Funds aims at extending our
European success in the US, offering unparalleled access to regulated digital
asset products to American investors. This expansion is a clear statement of
our appetite for acquisition to support our ambition to be a global leader in
the digital asset space."
Valkyrie
Funds Anticipates Successful Partnership
The
exercise of this acquisition option marks a pivotal step in the process,
underscoring CoinShares' commitment to incorporating Valkyrie Funds into its
portfolio. The integration of Valkyrie's funds and operations into the
CoinShares group is expected to enhance the company's position in the American digital asset
investment market.
Leah
Wald, the CEO of Valkyrie Funds, expressed excitement about the partnership:
"CoinShares has established itself as a premier player in the digital
asset space, and we're excited to see how they continue advancing the space by
leveraging Valkyrie's team and expertise."
The
acquisition is pending the completion of satisfactory due diligence, the
finalization of necessary legal agreements, and final approval from the CoinShares board.
Valkyrie Funds will maintain its operational independence until the acquisition
is fully executed and finalized.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!