CoinShares, a well-known company that invests in digital assets, has completed the acquisition of Valkyrie Funds LLC. This strategic move strengthens CoinShares’ global digital asset management leadership and US presence. CoinShares now has $530 million in Valkyrie AUM after the purchase. CoinShares had $7.3 billion in global AUM on March 11, 2024.
CoinShares Exercises Option to Acquire Valkyrie Following Successful ETF Launch
Valkyrie Investments Inc.’s investment advisory business and Sponsor rights to the Valkyrie Bitcoin Fund, a real-asset-backed Bitcoin ETF, were acquired. Since November 2023, CoinShares could buy Valkyrie. After Valkyrie Bitcoin Fund launched successfully in January 2024, this option was exercised.
The purchase aims to grow CoinShares’ U.S. asset management business using Valkyrie’s ETF infrastructure. By focusing on new products and market differentiation, CoinShares hopes to become a forward-thinking thematic asset manager.
CoinShares CEO Jean-Marie Mognetti was excited about the acquisition and how it would change the company’s growth. He said CoinShares would offer more products, improve its ideation, and reach a larger market. The purchase of Valkyrie strengthens CoinShares’ strategic positioning and ability to provide value to stakeholders in the U.S. market, a key growth opportunity.
CoinShares’ head of asset management, Frank Spiteri, said the company has unmatched knowledge and is committed to helping clients navigate digital assets. CoinShares has a track record and uses cutting-edge technology, making it a great choice for digital asset investments. CoinShares uses cutting-edge research, new ideas, and client focus to help investors make smart decisions in the fast-changing digital asset market.
CoinShares Prioritizes Innovation and Customer Satisfaction Post-Acquisition
CoinShares is adding Valkyrie to its brand portfolio to fit in after the acquisition. Rebranding Valkyrie as CoinShares was crucial to this integration. This unified all CoinShares products under one brand and ensured brand consistency. By summer, this project should be complete, making the change easy for clients and strengthening CoinShares’ position as a top digital asset investment provider.
Ultimately, CoinShares’ acquisition of Valkyrie Funds LLC is a major growth step. CoinShares plans to expand into the U.S. and improve its products to capitalize on the growing demand for digital asset investment solutions. CoinShares is ready to grow and excel in the fast-changing digital asset landscape. They prioritize innovation, customer satisfaction, and value.
