CoinShares Could Acquire Valkyrie’s Crypto ETF

Crypto Daily
Crypto Daily

17 Nov 2023 1:53 PM

Digital asset investment company CoinShares has secured a strategic option to buy Valkyrie’s exchange-traded fund....

  • CoinShares, a digital asset investment company in Europe, has secured the buying rights to Valkyrie Investments' exchange-traded fund (ETF).
  • The strategic option is active until March 31, 2024, pending regulatory approval.
  • Valkyrie will remain independent until a deal is finalized.
  • The Valkyrie Funds unit will include the Valkyrie Bitcoin Fund, which is awaiting approval from the SEC.
  • If approved, future filings by Valkyrie Investments will be done under the CoinShares name.
  • CoinShares has over $3.2 billion worth of assets under management and sees potential in the U.S. crypto ETF market.

The overall sentiment of the article is positive. CoinShares securing the buying rights to Valkyrie's ETF is seen as a strategic move that will expand their presence in the U.S. market and provide new investment opportunities for American investors.

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You May Ask

What is the strategic option that CoinShares has secured?Until when is the strategic option active?What will happen to Valkyrie until a deal is finalized?What other fund is included in Valkyrie's unit?What is CoinShares' view on the U.S. crypto ETF market compared to Europe?

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