CoinShares to Acquire Valkyrie Funds
CoinShares International Limited has announced its strategic acquisition of Valkyrie Funds LLC, a US digital asset manager specializing in cryptocurrency exchange-traded funds.
The acquisition is set to increase CoinShares’ assets under management by approximately $110 million, bringing its current AUM within Valkyrie’s existing ETF products to $4.5 billion.
The acquisition is pending satisfactory due diligence, legal agreements, and board approval from CoinShares.
Valkyrie Funds will maintain operational independence until the acquisition is fully executed.
(With inputs from Shikha Singh)
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