CoinShares veers into spot Bitcoin ETF scene with Valkyrie takeover
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This acquisition represents CoinShares' strategic push into the U.S. market, enhancing its position as a global asset management leader. CoinShares said it plans to leverage Valkyrie's ETF infrastructure to expand its asset management business in the U.S., focusing on product innovation and market differentiation.
Jean-Marie Mognetti, CEO of CoinShares, commented on the acquisition, stating,"the U.S. represents a critical market for any asset manager and with a dedicated platform as well as the right product-market fit, CoinShares is poised to deliver significant value to its stakeholders.
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