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Bitcoin
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$109,280.00 0.47379
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Ethereum
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$2,664.47 2.04312
Ethereum price
BNB
BNB (BNB)
$662.67 0.354
BNB price
Solana
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$154.50 2.00908
Solana price
XRP
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$2.38 3.32847
XRP price
Shiba Inu
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$0.0000122 1.94877
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Pepe
Pepe (PEPE)
$0.0000103 0.96568
Pepe price
Bonk
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$0.0000201 -9.66558
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dogwifhat
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$0.875557 1.84689
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Popcat
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$0.297409 2.7704
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Bitcoin
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$109,280.00 0.47379
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Ethereum
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$2,664.47 2.04312
Ethereum price
BNB
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$662.67 0.354
BNB price
Solana
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$154.50 2.00908
Solana price
XRP
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$2.38 3.32847
XRP price
Shiba Inu
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$0.0000122 1.94877
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Pepe
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$0.0000103 0.96568
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Bonk
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$0.0000201 -9.66558
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dogwifhat
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$0.875557 1.84689
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Popcat
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$0.297409 2.7704
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Bitcoin
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$109,280.00 0.47379
Bitcoin price
Ethereum
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$2,664.47 2.04312
Ethereum price
BNB
BNB (BNB)
$662.67 0.354
BNB price
Solana
Solana (SOL)
$154.50 2.00908
Solana price
XRP
XRP (XRP)
$2.38 3.32847
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000122 1.94877
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000103 0.96568
Pepe price
Bonk
Bonk (BONK)
$0.0000201 -9.66558
Bonk price
dogwifhat
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$0.875557 1.84689
dogwifhat price
Popcat
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$0.297409 2.7704
Popcat price

CoinShares exercises option to acquire Valkyrie Funds

Dorian Batycka
Edited by
News
CoinShares exercises option to acquire Valkyrie Funds

CoinShares International Limited announced the acquisition of Valkyrie Funds.

A press release dated Jan. 12 stated that CoinShares has acquired Valkyrie Funds, a digital asset management investment company in the United States. The statement said the purchase decision is contingent on the U.S. Securities and Exchange Commission’s (SEC) approval of Valkyrie’s spot Bitcoin (BTC) ETF.

Upon completion of the acquisition, CoinShares‘ existing assets under management (AUM), currently $4.5 billion, is expected to increase by approximately $110 million.

However, the deal is now pending completion of satisfactory due diligence, completion of the necessary legal agreements and final approval of the company’s board of directors. Until then, Valkyrie will maintain operational independence.

“Once finalised, this will lead to the direct integration of Valkyrie’s’ funds and operations into the CoinShares group.”

CoinShares release

In June 2023, a subsidiary of Valkyrie Investments filed an application with the SEC to launch a Bitcoin-based ETF. The Trust issued shares designed to provide a cost-effective and convenient way to invest in Bitcoin.

In July 2023, Valkyrie also filed with the SEC to launch an Ethereum (ETH) ETF that would invest in Ethereum futures on the CME, North America’s largest financial derivatives market, and high-quality instruments, particularly U.S. Treasury bonds.