TechFlow news, October 23 — According to Bitcoin.com News, European digital asset investment firm Coinshares International announced the opening of an office in New York City, marking a key step in its U.S. expansion strategy. The move aims to strengthen the company's presence in the U.S. financial market and follows closely on the heels of its acquisition of Valkyrie Funds. The newly established New York office will serve as the hub for Coinshares' U.S. operations, enhancing its ability to serve the rapidly growing institutional and retail client base in the United States. The company is actively hiring for sales, marketing, and compliance roles to support this expansion.
The acquisition of Valkyrie Funds has increased Coinshares' assets under management to $5.5 billion. Valkyrie Funds is known for its actively managed exchange-traded funds (ETFs), including popular products such as the Coinshares Valkyrie Bitcoin Fund and Miner ETF. Coinshares CEO Jean-Marie Mognetti said: "The launch of our New York office is a milestone in our entry into the U.S. market, highlighting the growing importance of digital assets within the global financial ecosystem. This not only strengthens our ability to collaborate with U.S. stakeholders but also reinforces our leadership position in the evolution of the digital asset industry."
