The firm began the acquisition of Valkyrie after securing the option in November 2023.
The acquisition includes ownership of the Valkyrie Bitcoin Fund, a physically-backed Bitcoin ETF.
CoinShares International Limited the European investment
company specializing in digital assets, has finalized its acquisition of
Valkyrie Funds LLC and the investment advisory business of Valkyrie Investments
Inc., along with the Sponsor rights to the Valkyrie Bitcoin Fund, a
physically-backed Bitcoin ETF.
CoinShares' Global AUM Reaches Approximately $7.3 Billion
This acquisition, which incorporates approximately $530
million of assets under management (AUM) from Valkyrie, has propelled
CoinShares' global AUM to approximately $7.3 billion as of March 11, 2024. CoinShares
had previously secured the option to acquire Valkyrie in November 2023, and the
acquisition process commenced following the launch of Valkyrie Bitcoin Fund in
January 2024.
Frank Spiteri, CoinShares' Head of Asset Management,
remarked: "As Europe's leading investment company specialising in digital
assets, CoinShares has consistently demonstrated trust and reliability with its
crypto products and services since 2014.
Our expertise is unparalleled in the crypto space, allowing us to serve not
just as leaders but also as educators for our clients. We are committed to
guiding them through this dynamic journey, which is supported by our seasoned
research team and innovative solutions. Our promise is to be a trusted partner
in navigating the complexities of digital assets."
Diverse Product Offerings: Showcasing $WGMI and $BTF
Moving forward, CoinShares aims to
leverage the infrastructure of the Valkyrie ETF to expand its US asset
management operations, focusing on product innovation and market distinction.
The new platform will function as a forward-looking thematic asset manager for
the US market, drawing on the success of unique thematic products such as
$WGMI, recognized as the highest-performing non-leveraged ETF across all
sectors in 2023, and the recently introduced $BTFX, a 2x leveraged bitcoin
futures ETF.
Jean-Marie Mognetti, the CEO of CoinShares, commented on the
acquisition: "The Valkyrie acquisition is yet another step in our growth
strategy with a special focus this time in the U.S. This acquisition brings an
additional $530 million AUM to CoinShares, which makes it a top line
contributor from day one. More importantly, it broadens our product offerings,
strengthens our innovation capacity, and increases by a factor of 15 our total
addressable market."
CoinShares International Limited the European investment
company specializing in digital assets, has finalized its acquisition of
Valkyrie Funds LLC and the investment advisory business of Valkyrie Investments
Inc., along with the Sponsor rights to the Valkyrie Bitcoin Fund, a
physically-backed Bitcoin ETF.
CoinShares' Global AUM Reaches Approximately $7.3 Billion
This acquisition, which incorporates approximately $530
million of assets under management (AUM) from Valkyrie, has propelled
CoinShares' global AUM to approximately $7.3 billion as of March 11, 2024. CoinShares
had previously secured the option to acquire Valkyrie in November 2023, and the
acquisition process commenced following the launch of Valkyrie Bitcoin Fund in
January 2024.
Frank Spiteri, CoinShares' Head of Asset Management,
remarked: "As Europe's leading investment company specialising in digital
assets, CoinShares has consistently demonstrated trust and reliability with its
crypto products and services since 2014.
Our expertise is unparalleled in the crypto space, allowing us to serve not
just as leaders but also as educators for our clients. We are committed to
guiding them through this dynamic journey, which is supported by our seasoned
research team and innovative solutions. Our promise is to be a trusted partner
in navigating the complexities of digital assets."
Diverse Product Offerings: Showcasing $WGMI and $BTF
Moving forward, CoinShares aims to
leverage the infrastructure of the Valkyrie ETF to expand its US asset
management operations, focusing on product innovation and market distinction.
The new platform will function as a forward-looking thematic asset manager for
the US market, drawing on the success of unique thematic products such as
$WGMI, recognized as the highest-performing non-leveraged ETF across all
sectors in 2023, and the recently introduced $BTFX, a 2x leveraged bitcoin
futures ETF.
Jean-Marie Mognetti, the CEO of CoinShares, commented on the
acquisition: "The Valkyrie acquisition is yet another step in our growth
strategy with a special focus this time in the U.S. This acquisition brings an
additional $530 million AUM to CoinShares, which makes it a top line
contributor from day one. More importantly, it broadens our product offerings,
strengthens our innovation capacity, and increases by a factor of 15 our total
addressable market."
Bankrupt FTX Plans to Pay Nearly All Customers 118% of Their Claims
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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π Subscribe to our YouTube channel for more!π
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage.
π Subscribe to our YouTube channel for more!π
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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