CoinShares gets buying rights to Valkyrie’s crypto ETF unit By Cointelegraph


European digital asset manager CoinShares secured the exclusive option to acquire Valkyrie Funds, the exchange-traded fund (ETF) unit of its United States competitor, Valkyrie Investments, which includes the Valkyrie Fund awaiting U.S. approval.

CoinShares said on Nov. 17 that the move helps it expand to the U.S., which could soon become the epicenter for ETF offerings. The firm’s CEO, Jean-Marie Mognetti, added that he hopes the Valkyrie acquisition will help it capitalize on what is currently a fragmented global ETF market.