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Bitcoin (BTC)
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Ethereum
Ethereum (ETH)
$3,465.44 -0.50381
Ethereum price
BNB
BNB (BNB)
$581.04 -2.07416
BNB price
Solana
Solana (SOL)
$176.46 -1.26868
Solana price
XRP
XRP (XRP)
$0.5975760 0.43899
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000173 -2.30965
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Pepe
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Bonk
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Bitcoin
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Ethereum
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BNB
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Solana
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XRP
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Shiba Inu
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Pepe
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Bonk
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Bitcoin
Bitcoin (BTC)
$66,673.00 -0.88359
Bitcoin price
Ethereum
Ethereum (ETH)
$3,465.44 -0.50381
Ethereum price
BNB
BNB (BNB)
$581.04 -2.07416
BNB price
Solana
Solana (SOL)
$176.46 -1.26868
Solana price
XRP
XRP (XRP)
$0.5975760 0.43899
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000173 -2.30965
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Pepe
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CoinShares exercises option to acquire Valkyrie Funds

coinshares-exercises-option-to-acquire-valkyrie-funds
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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.