CoinShares announced Monday it will go public in the United States via a $1.2 billion merger with Vine Hill Capital Investment Corp, a Nasdaq-listed SPAC. The transaction shifts the firm’s listing from Stockholm to New York, giving it access to the world’s largest capital market. CoinShares manages roughly $10 billion in digital assets, including 32 exchange-traded products covering bitcoin, ether, solana, and other tokens.
Globally, the company ranks as the fourth-largest provider of digital asset ETPs, trailing BlackRock, Grayscale, and Fidelity, while commanding a 34% market share in Europe, the Middle East, and Africa.
CEO Jean-Marie Mognetti described the deal as a turning point for the industry, noting that regulatory clarity in the U.S. makes digital assets more credible as an investment class. For investors, the move could expand access to crypto-linked products from a manager with over 200% AUM growth in two years. The merger is expected to close by year-end, subject to approvals.
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