The acquisition is set to increase CoinShares' AUM by approximately $110 million.
Final due diligence, legal agreements, and board approval are pending.
CoinShares
International Limited has officially exercised its option to acquire Valkyrie
Funds LLC, the US digital asset manager's investment advisory business
specializing in actively managed cryptocurrency exchange-traded funds (ETFs).
This strategic move follows the recent approval by the US Securities and
Exchange Commission for the issuance of Valkyrie's spot Bitcoin ETF, The
Valkyrie Bitcoin Fund.
CoinShares
Awaits Strengthened AUM through Valkyrie Funds Acquisition
The
Valkyrie Bitcoin Fund commenced trading on January 11 at 09:30 am ET on Nasdaq,
marking a milestone for the company as part of the first cohort of issuers for
such products in the US. CoinShares' decision to acquire Valkyrie Funds aligns
with the positive developments in the US regulatory landscape and reflects its
strategy to expand its digital asset offerings in the American market.
Upon
completion, the acquisition
is anticipated to strengthen CoinShares' existing assets under management (AUM)
of $4.5 billion by approximately $110 million. This addition represents the
current level of AUM within Valkyrie's existing ETF products, including The
Valkyrie Bitcoin Fund, The Valkyrie Bitcoin and Ether Strategy ETF, and The
Valkyrie Bitcoin Miners ETF.
Jean-Marie
Mognetti, the CEO of CoinShares, commented on the development:
"Exercising our option to acquire Valkyrie Funds aims at extending our
European success in the US, offering unparalleled access to regulated digital
asset products to American investors. This expansion is a clear statement of
our appetite for acquisition to support our ambition to be a global leader in
the digital asset space."
Valkyrie
Funds Anticipates Successful Partnership
The
exercise of this acquisition option marks a pivotal step in the process,
underscoring CoinShares' commitment to incorporating Valkyrie Funds into its
portfolio. The integration of Valkyrie's funds and operations into the
CoinShares group is expected to enhance the company's position in the American digital asset
investment market.
Leah
Wald, the CEO of Valkyrie Funds, expressed excitement about the partnership:
"CoinShares has established itself as a premier player in the digital
asset space, and we're excited to see how they continue advancing the space by
leveraging Valkyrie's team and expertise."
The
acquisition is pending the completion of satisfactory due diligence, the
finalization of necessary legal agreements, and final approval from the CoinShares board.
Valkyrie Funds will maintain its operational independence until the acquisition
is fully executed and finalized.
CoinShares
International Limited has officially exercised its option to acquire Valkyrie
Funds LLC, the US digital asset manager's investment advisory business
specializing in actively managed cryptocurrency exchange-traded funds (ETFs).
This strategic move follows the recent approval by the US Securities and
Exchange Commission for the issuance of Valkyrie's spot Bitcoin ETF, The
Valkyrie Bitcoin Fund.
CoinShares
Awaits Strengthened AUM through Valkyrie Funds Acquisition
The
Valkyrie Bitcoin Fund commenced trading on January 11 at 09:30 am ET on Nasdaq,
marking a milestone for the company as part of the first cohort of issuers for
such products in the US. CoinShares' decision to acquire Valkyrie Funds aligns
with the positive developments in the US regulatory landscape and reflects its
strategy to expand its digital asset offerings in the American market.
Upon
completion, the acquisition
is anticipated to strengthen CoinShares' existing assets under management (AUM)
of $4.5 billion by approximately $110 million. This addition represents the
current level of AUM within Valkyrie's existing ETF products, including The
Valkyrie Bitcoin Fund, The Valkyrie Bitcoin and Ether Strategy ETF, and The
Valkyrie Bitcoin Miners ETF.
Jean-Marie
Mognetti, the CEO of CoinShares, commented on the development:
"Exercising our option to acquire Valkyrie Funds aims at extending our
European success in the US, offering unparalleled access to regulated digital
asset products to American investors. This expansion is a clear statement of
our appetite for acquisition to support our ambition to be a global leader in
the digital asset space."
Valkyrie
Funds Anticipates Successful Partnership
The
exercise of this acquisition option marks a pivotal step in the process,
underscoring CoinShares' commitment to incorporating Valkyrie Funds into its
portfolio. The integration of Valkyrie's funds and operations into the
CoinShares group is expected to enhance the company's position in the American digital asset
investment market.
Leah
Wald, the CEO of Valkyrie Funds, expressed excitement about the partnership:
"CoinShares has established itself as a premier player in the digital
asset space, and we're excited to see how they continue advancing the space by
leveraging Valkyrie's team and expertise."
The
acquisition is pending the completion of satisfactory due diligence, the
finalization of necessary legal agreements, and final approval from the CoinShares board.
Valkyrie Funds will maintain its operational independence until the acquisition
is fully executed and finalized.
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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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/
π Facebook: https://www.facebook.com/FinanceMagnatesEvents
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βΆοΈ YouTube: https://www.youtube.com/@FinanceMagnates_official
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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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!
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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