CoinShares announces it has exercised option to acquire Valkyrie Funds LLC

European digital asset investment company CoinShares announced on social media that it had exercised its option to acquire US digital asset management company Valkyrie Funds LLC. The company's spot Bitcoin ETF (Valkyrie Bitcoin Fund) was approved this week.

As previously reported on November 16th, European digital asset investment company CoinShares announced that it had obtained the exclusive option to acquire US digital asset management company Valkyrie Funds. The company is the investment advisory business department of Valkyrie Investments, focusing on operating active management of cryptocurrency ETFs. CoinShares' acquisition option is effective from now until March 31, 2024.