CoinShares Exercises Option to Acquire Valkyrie Funds
SAINT HELIER, Jersey, Jan. 12, 2024 /PRNewswire/ -- CoinShares International Limited ("CoinShares'' or "the Company") (Nasdaq Stockholm: CS; US OTCQX: CNSRF), today announced it has exercised the option to acquire Valkyrie Funds LLC ("Valkyrie Funds"), the U.S. digital asset manager's investment advisory business specialising in actively managed cryptocurrency exchange traded funds, from Valkyrie Investments Inc. ("Valkyrie Investments").
- CoinShares has confirmed the exercise of its strategic option to acquire Valkyrie Funds, thereby bolstering its entrance into the U.S. market.
- SAINT HELIER, Jersey, Jan. 12, 2024 /PRNewswire/ -- CoinShares International Limited ("CoinShares'' or "the Company") (Nasdaq Stockholm: CS; US OTCQX: CNSRF), today announced it has exercised the option to acquire Valkyrie Funds LLC ("Valkyrie Funds"), the U.S. digital asset manager's investment advisory business specialising in actively managed cryptocurrency exchange traded funds, from Valkyrie Investments Inc. ("Valkyrie Investments").
- The exercise of this option signifies a pivotal step in the acquisition process, clearly demonstrating CoinShares' commitment to acquiring Valkyrie Funds.
- 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.