CoinShares, a European leader in digital asset management, has announced that the SEC has announced that Valkyrie spot Bitcoin ETF announced its intention to acquire Valkyrie Funds LLC, a US-based digital asset manager. The company’s CEO, Jean-Marie Mognetti, emphasized the strategic importance of the acquisition and positioned it as a very important step to expand its success in Europe to the US market.
This move will increase CoinShares’ assets under management (AUM) by approximately $110 million, solidifying its position as a global leader in the digital asset space. In a recent press release, CEO Jean-Marie Mognetti emphasized CoinShares’ track record of leadership in the European digital asset industry, expressing the company’s desire to replicate its success in the US market. He stated:
By exercising our option to acquire Valkyrie Funds, we intend to bring our success in Europe to the United States and offer American investors unparalleled access to regulated digital asset products.
On the other hand, Valkyrie Funds CEO Leah Wald shared her excitement about the collaboration, acknowledging CoinShares’ pioneering position in the digital asset space. “Being part of such a strong and successful group marks a promising new era for us,” Wald said, expressing his confidence in the combined strengths of both organizations to advance the American digital asset investment field.
What’s next?
The acquisition, currently pending completion of due diligence and legal agreements, marks a pivotal moment for CoinShares and reinforces its commitment to becoming a global force in digital asset management. However, until the acquisition is finalized, Valkyrie Funds will maintain operational independence.
Koinfinans.com Specifically, as we reported, this move is not only in line with positive developments in the US regulatory environment, but also marks a significant milestone in CoinShares’ strategy to expand its digital asset offerings in the American market. In addition, the acquisition is expected to pave the way for the direct integration of Valkyrie’s funds and operations into the CoinShares group, offering investors a comprehensive suite of regulated digital asset products.
Meanwhile, this bold move by CoinShares underlines the dynamic nature of the digital asset market, where strategic acquisitions play a crucial role in shaping industry leaders and providing investors with diverse and sophisticated investment options. As the digital asset landscape continues to evolve, CoinShares’ acquisition of Valkyrie Funds positions the company to play a key role in shaping the future of regulated digital asset investing in the United States.