UK-based crypto asset manager CoinShares has acquired an exclusive option to acquire the cryptocurrency ETF unit of crypto asset manager Valkyrie Investments.
CoinShares has won a significant option chance to purchase Valkyrie’s cryptocurrency exchange-traded fund (ETF) unit. by company 17 November According to the statement made on , no purchase has been made yet, but if CoinShares decides to purchase Valkyrie active ETF funds And all unlaunched ETF applications. will be able to take over.
To exercise CoinShares’ right to purchase Until March 31, 2024 It has a duration. The company for the option right how much you paid or did not announce details about what price would be paid if he made the purchase.
Making a statement about the development, CoinShares CEO Jean-Marie Mognettithis opportunity USA as well as spherical in the markets He stated that it would pave the way for their spread:
The global ETF market is fragmented. The establishment of crypto spot ETPs in Europe since 2015 and the fact that this development is about to be reflected in the USA is a perfect example of this. This disparity in market development presents both challenges and significant opportunities. The option to acquire Valkyrie accelerates our expansion into the US market and the global spread of our cryptocurrency management expertise.
Valkyrie last June spot Bitcoin your application It was filed with the US Securities and Exchange Commission (SEC). If CoinShares exercises its purchase right, these spot Bitcoin ETF rights will also be transferred to the company. If spot Bitcoin ETF application is approved, CoinShares will be in the US a strong trump card will have achieved it.