TechFlow news — Digital asset investment firm CoinShares has announced the successful acquisition of an exclusive option to purchase U.S.-based digital asset management company Valkyrie Funds. The option is valid until March 31, 2024.
CoinShares CEO Jean-Marie Mognetti stated that this option accelerates the company's expansion into the U.S. market, and by combining with Valkyrie’s expertise, will deliver best-in-class digital asset products to American investors.
Having been a leader in Europe's crypto exchange-traded product market for nearly a decade, CoinShares views the potential acquisition of Valkyrie Funds as its next strategic step in expanding across the U.S. market.
As part of the option agreement, the two firms have also entered into a brand licensing arrangement, permitting Valkyrie Investments to use the "CoinShares" name during the term.
The acquisition of Valkyrie Funds by CoinShares will be contingent upon regulatory approvals, satisfactory due diligence, and the completion of definitive legal agreements. Valkyrie Funds will continue to operate as an independent entity until any potential acquisition is finalized.
