CoinShares announces it has exercised option to acquire Valkyrie Funds LLC

European digital asset investment company CoinShares announced on social media that it had exercised its option to acquire US digital asset management company Valkyrie Funds LLC. The company's spot Bitcoin ETF (Valkyrie Bitcoin Fund) was approved this week.

As previously reported on November 16th, European digital asset investment company CoinShares announced that it had obtained the exclusive option to acquire US digital asset management company Valkyrie Funds. The company is the investment advisory business department of Valkyrie Investments, focusing on operating active management of cryptocurrency ETFs. CoinShares' acquisition option is effective from now until March 31, 2024.

CoinShares

Comments

All Comments

Recommended for you

CointimeSG ·

Dogecoin Jumps to 3-Year High Price—Before Bitcoin Cools and Meme Coins Plunge

It's another recent milestone for Dogecoin, but the market is now red with Bitcoin down and DOGE and other meme coins falling hard.
CointimeSG ·

GCEX Expands Crypto Custody Solutions With New Hex Trust Service

The prime broker launched the Secured Accounts service to enhance institutional digital asset protection in the EU and UK. Both companies have been working closely together for 3 years, recently presenting staking services.
CointimeSG ·

Crypto miners in Texas’ ERCOT region required to report power demand
CointimeSG ·

Texas Orders Wall Street Bitcoin Miners to Register as Grid Concerns Mount

Local regulators mandate registration for crypto mining facilities using over 75MW of power. Large BTC miners like Marathon and Riot run some of their data centers in the state.
CointimeSG ·

Lutnick, Cantor Fitzgerald negotiated a 5% ownership stake in Tether: WSJ

Cantor, which holds most of Tether’s $133 billion in reserves, negotiated a 5% ownership interest in the stablecoin issuer within the past year, according to The Wall Street Journal.
CointimeSG ·

Bitcoin price dip may spur buying spree in BNB, AVAX, NEAR and OKB

Bitcoin sellers take the upper hand as BTC struggles to rally to $100,000. What will altcoins do?
CointimeSG ·

Bitcoin may reach $180K by the end of 2025 — TYMIO founder

The current CryptoQuant Bitcoin exchange reserve metric is roughly 2.5 million coins — the lowest level recorded during this market cycle.
XEX officially launched the Slerf/USDT perpetual contract at 19:00 (UTC+8) on November 22

On November 22nd, XEX officially launched the Slerf/USDT perpetual contract at 19:00 (UTC+8).
Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts

Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts with a maximum leverage of 75x on November 21, 2024 at 11:30 (UTC).
Lido is preparing a blockchain identity verification platform codenamed "Y" to compete with World Network

According to insiders, Cyber Fund, led by Lido co-founders Konstantin Lomashuk and Vasiliy Shapovalov, is preparing a blockchain identity verification platform codenamed "Y" to directly compete with Sam Altman's World Network. Unlike World Network, which uses iris scanning for identity verification, the Y project will use users' social media and blockchain activity data, combined with Ethereum Attestation Service, to verify their identity. The solution aims to address the risk of biometric data leakage and minimize the potential for fraud.