CoinShares strengthens its global reach by completing acquisition of Valkyrie ETF Business
SAINT HELIER, Jersey, March 12, 2024 /PRNewswire/ — CoinShares International Limited (“CoinShares” or “the Company”) (Nasdaq Stockholm: CS; USOTCQX: CNSRF), the leading European investment company specialising in digital assets, today announced the completion of its acquisition of Valkyrie Funds LLC (“Valkyrie”), the investment advisory business of Valkyrie Investments Inc. (“Valkyrie Investments”), as well as the Sponsor rights to the Valkyrie Bitcoin Fund, the physically-backed Bitcoin ETF. With the addition of approximately Valkyrie’s $530 million of assets under management (“AUM”), CoinShares’ AUM has increased to approximately $7.3 billion globally as of 11th March 2024. This pivotal move significantly accelerates CoinShares’ expansion into the U.S. market and is a further milestone towards building a global asset management franchise.