After securing the option to acquire Valkyrie’s crypto unit in November 2023, CoinShares is exercising the option after Valkyrie’s spot Bitcoin ETF listing on Nasdaq.
European cryptocurrency investment firm CoinShares is progressing with a potential acquisition of its United States competitor, Valkyrie Funds, which is also an issuer of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the country.
CoinShares on Jan. 12 confirmed the exercise of its strategic option to acquire Valkyrie, strengthening its efforts to enter the U.S. market.
A spokesperson for CoinShares declined to disclose the terms of the deal to Cointelegraph. The representative noted:
