TechFlow news: CoinShares has announced the exercise of its option to acquire Valkyrie.
This move follows the U.S. Securities and Exchange Commission (SEC) approving Valkyrie's application for a spot Bitcoin ETF, which began trading on Nasdaq on January 11, 2024.
CoinShares decided to exercise this option due to positive developments in the U.S. regulatory environment and its strategic goal of expanding digital asset offerings in the U.S. market.
The acquisition is expected to add approximately $110 million to CoinShares' existing assets under management (AUM), equivalent to the current AUM level of Valkyrie's ETF products.
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