{"id":25583,"date":"2024-01-12T15:14:18","date_gmt":"2024-01-12T15:14:18","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/coinshares-exercises-its-option-to-buy-valkyrie-funds\/"},"modified":"2024-01-12T15:14:18","modified_gmt":"2024-01-12T15:14:18","slug":"coinshares-exercises-its-option-to-buy-valkyrie-funds","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/coinshares-exercises-its-option-to-buy-valkyrie-funds\/","title":{"rendered":"CoinShares exercises its option to buy Valkyrie Funds"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1705068746878-0d089c7e-ab6c-42b7-a6d4-fa2933a5d9a0-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1705068746878-0d089c7e-ab6c-42b7-a6d4-fa2933a5d9a0-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1705068746878-0d089c7e-ab6c-42b7-a6d4-fa2933a5d9a0-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1705068746878-0d089c7e-ab6c-42b7-a6d4-fa2933a5d9a0-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">CoinShares exercises option to buy Valkyrie Funds following SEC\u2019s spot ETFs approval.<\/li>\n<li dir=\"ltr\">The acquisition will add $110 million in assets under management (AUM) to CoinShares\u2019 $4.5 billion.<\/li>\n<li dir=\"ltr\">It also allows the Europe-based asset manager to expand into the US.<\/li>\n<\/ul>\n<p dir=\"ltr\">CoinShares, a digital assets investment firm based in Jersey, Channel Islands, has exercised its option to buy Valkyrie Funds LLC, the crypto exchange-traded funds arm of US-based firm Valkyrie Investments Inc.<\/p>\n<p dir=\"ltr\">The acquisition allows CoinShares to enter the US market, and follows the US Securities and Exchange Commission (SEC)\u2019s approval of spot Bitcoin ETFs, the company said in a <a href=\"https:\/\/coinshares.com\/news\/coinshares-exercises-option-to-acquire-valkyrie-funds\" rel=\"noopener noreferrer\" target=\"_blank\">press release<\/a> published on Friday.<\/p>\n<p dir=\"ltr\">On Wednesday, SEC allowed <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin-etf\/\">spot Bitcoin ETFs<\/a> to start trading on stock exchanges, including The Valkyrie Bitcoin Fund (BRRR). Like the other funds, which include <a href=\"https:\/\/coinjournal.net\/news\/btc-surges-as-blackrocks-ibit-trades-7-5m-shares-in-first-10-minutes\/\">BlackRock\u2019s IBIT<\/a>, Fidelity\u2019s FBTC and Ark\/21 Shares\u2019 ARKB, BRRR trading went live on Nasdaq on January 11, 2024 at 09:30 am ET.<\/p>\n<p dir=\"ltr\">SEC\u2019s approval provides a positive regulatory development for the crypto industry, and offers CoinShares an opportunity to expand its crypto footprint into the US market.<\/p>\n<p dir=\"ltr\">\u201c<em>Exercising our option to acquire Valkyrie Funds aims at extending our European success in the U.S, offering unparalleled access to regulated digital asset products to American investors. This expansion is a clear statement of our appetite for acquisition to support our ambition to be a global leader in the digital asset space<\/em>,\u201d Jean-Marie Mognetti, CEO of CoinShares, said in a statement.<\/p>\n<p dir=\"ltr\">When the companies finalise the strategic acquisition, CoinShares\u2019 current assets under management (AUM), of $4.5 billion will increase by about $110 million.\u00a0<\/p>\n<p dir=\"ltr\">The increase will account for the current total AUM of Valkyrie\u2019s ETF products. These include the just approved Bitcoin Fund (BRRR) and previous offerings Bitcoin and Ether Strategy ETF (BTF) and Bitcoin Miners ETF (WGMI).\u00a0<\/p>\n<p dir=\"ltr\">Valkyrie Funds will maintain its operational independence until after the deal has received the necessary legal approval. The companies did not disclose the deal\u2019s financial terms.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/coinshares-exercises-option-to-buy-valkyrie-funds\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) CoinShares exercises option to buy Valkyrie Funds following SEC\u2019s spot ETFs approval. The acquisition will add $110 million in assets under management (AUM) to CoinShares\u2019 $4.5 billion. It also allows the Europe-based asset manager to expand into the US. CoinShares, a digital assets [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25583"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25583"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25584"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}