CoinShares, a digital asset investment firm based in the UK, has obtained an exclusive option to purchase certain assets from Valkyrie Investments, an alternative asset management firm.
This includes Valkyrie Funds, an investment advisory business focused on crypto exchange-traded funds, as well as Valkyrie Investments’ rights to the Valkyrie Bitcoin Fund and other upcoming ETFs.
CoinShares has until March 31, 2024 to exercise this option. According to a statement from CoinShares Group’s CEO, Jean-Marie Mognetti, this acquisition will assist in their expansion into the US market and allow for the global deployment of their digital asset management expertise.
CoinShares’ latest acquisition comes as Valkyrie Funds has filed an S-1 with the Securities and Exchange Commission for their Valkyrie Bitcoin Fund, a spot bitcoin ETF.
As part of the acquisition, a brand licensing agreement has been finalized, giving Valkyrie Investments a limited license to use the “CoinShares” name for their SEC filings during the option period.