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CoinShares Secures Exclusive Option to Acquire Valkyrie Funds, Bolstering Presence in US Crypto Market

CoinShares, a leading European crypto ETF issuer, has obtained an exclusive option to acquire Valkyrie Funds until March 31, 2024. This move is aimed at strengthening CoinShares' presence in the US and establishing a global one-stop-shop in digital asset investments. The potential acquisition of Valkyrie Funds by CoinShares is seen as a big move by Bloomberg analyst James Seyffart, as it would bring ETF expertise to the US. Valkyrie Investments plans to incorporate CoinShares' name if the US SEC approves the Valkyrie Bitcoin Fund, which has filed for a spot Bitcoin ETF.

Valkyrie CoinShares ETF
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