Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»CoinShares looks set to purchase Valkyrie funds following Bitcoin ETF liquidation.
EXCHANGE NEWS

CoinShares looks set to purchase Valkyrie funds following Bitcoin ETF liquidation.

By Crypto FlexsJanuary 13, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
CoinShares looks set to purchase Valkyrie funds following Bitcoin ETF liquidation.
Share
Facebook Twitter LinkedIn Pinterest Email

Valkyrie’s Spot Bitcoin ​​ETF, the third-lowest performing spot Bitcoin ​​ETF by volume among the 11 spot Bitcoin ​​ETFs launched on Thursday, recorded less than $9 million in volume for the day.

CoinShares International Limited, a leader in the European digital asset industry, today announced that it has exercised its option to acquire Valkyrie Funds. This strategic move follows the U.S. Securities and Exchange Commission’s (SEC) approval of the Valkyrie Spot Bitcoin ETF, which began trading on Nasdaq on January 11.

CoinShares expands presence in the U.S.

This acquisition is consistent with CoinShares’ commitment to expand its digital asset offerings in the U.S. market by leveraging positive developments in the regulatory ecosystem. The SEC’s approval of Valkyrie’s Bitcoin ETF is an important step in the maturation of the U.S. Bitcoin market.

Jean-Marie Mognetti, CEO of CoinShares, emphasized the importance of this move:

“Exercising our option to acquire Valkyrie Funds aims to expand Europe’s success in the US and provide US investors with unparalleled access to regulated digital asset products. “This expansion is a clear expression of our commitment to acquisitions to support our ambition to become a global leader in digital assets.”

Upon completion of the acquisition, CoinShares expects to increase its existing assets under management (AUM) by approximately $110 million, which currently stands at $4.5 billion. The increase is due to Valkyrie’s existing ETF products, including the Valkyrie Bitcoin Fund (BRRR), Valkyrie Bitcoin and Ether Strategy ETF (BTF), and Valkyrie Bitcoin Miners ETF (WGMI).

Despite being the third-worst performer by volume among the 11 spot Bitcoin ETFs launched on Thursday, Valkyrie’s Spot Bitcoin ETF recorded just under $9 million in volume for the day. This figure pales in comparison to BlackRock’s $1 billion and Grayscale Bitcoin Trust’s $2.27 billion. Nonetheless, CoinShares’ strategic move demonstrates confidence in the potential for growth and success of the Valkyrie product.

Leah Wald, CEO of Valkyrie Funds, agreed with Mognetti and expressed her excitement about working with CoinShares. She said:

“CoinShares has established itself as a leading player in the digital asset space, and we are excited to see how they continue to advance the space by leveraging Valkyrie’s team and expertise.”

It is worth noting that the acquisition is still in the final stages of finalization, awaiting satisfactory due diligence, necessary legal agreements and approval by the boards of directors of both companies. While the acquisition is pending, Valkyrie Funds will maintain operational independence until the process is fully executed and finalized.

Bitcoin ETFs in Europe and other markets

CoinShares’ strategic move comes at a time when Europe has already witnessed the launch of spot cryptocurrency exchange-traded products and the first spot Bitcoin ETF finally debuting in July 2023. European markets are an example for London-based Jacobi Asset Management. Euronext Amsterdam’s Bitcoin ETF shows potential for further global expansion in the digital asset space.

In addition to European markets, Bitcoin ETFs have also appeared in other countries such as Canada, Germany, and Brazil, highlighting the global embrace of the nascent asset class.

next

Funds & ETFs, Market News, News

thank you!

You have successfully joined our subscriber list.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Pudgy Penguins

August 28, 2025

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025

Ether Lee’s price retreat, a market for watching $ 4,200 for the next movement

August 19, 2025
Add A Comment

Comments are closed.

Recent Posts

Ethereum-Based Meme Project Pepeto ($PEPETO) Surges Past $6.5M In Presale

August 29, 2025

Use Australia’s Top Cloud Mining Tools To Become A Millionaire!

August 29, 2025

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Pudgy Penguins

August 28, 2025

The US government checks the economic data on the chain with 60% Pyth Rocket 60% Pyth Network.

August 28, 2025

GCL Subsidiary, 2Game Digital, Partners With KuCoin Pay To Accept Secure Crypto Payments In Real Time

August 28, 2025

Tether Announces Plan To Bring USD₮ To RGB, Advancing Native Stablecoins On Bitcoin And Lightning

August 28, 2025

Ether Leeum Game Football. Fun market caps increase 10 times within two weeks.

August 28, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

7 Legit Cloud Mining Platforms For Daily Bitcoin Income In 2025

August 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Ethereum-Based Meme Project Pepeto ($PEPETO) Surges Past $6.5M In Presale

August 29, 2025

Use Australia’s Top Cloud Mining Tools To Become A Millionaire!

August 29, 2025

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025
Most Popular

BITPACS: DAO Emulation on Bitcoin

March 3, 2024

Unleash the power of solar energy: Meet SunShotCoin! – DeFi information

March 1, 2024

Solana to soar more than 10x in 2023. Can SOL reach $1,000?

December 26, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.