Crypto Asset Manager CoinShares Announces US IPO With $1.2 Billion Merger
CoinShares, a European-based crypto asset manager, has announced its intention to go public in the United States through a merger with Vine Hill Capital Investments, a special purpose acquisition company (SPAC). In a press release on Monday, CoinShares announced its plan, which will see the company listed on the Nasdaq Stock Market. This marks a […]
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Inflows into Grayscale products continue to surge, according to CoinShares data. Bitcoin remains the preferred asset for institutional investors. Inflows into cryptocurrency investment products topped $57 billion last week, marking a new all-time high and underscoring the rapid adoption of digital assets underway among institutions. In its weekly inflows report, digital asset manager CoinShares, said net inflows into digital asset investment products rose by $99 million for the week ended Mar. 19. Grayscale generated $9.1 million of inflows, bringing its year-to-date total to $2.373....
Digital asset manager CoinShares is listing its second cryptocurrency exchange-traded product on the SIX Swiss Exchange. Major European digital asset manager CoinShares is expanding its product portfolio with a new physically-backed Ether (ETH) exchange-traded product, or ETP.Called CoinShares Physical Ethereum (ETHE), the new investment product is launching with around $75 million in assets under management. Announcing the news Wednesday, CoinShares said that each unit of ETHE is backed with 0.03 ETH at launch.The news comes shortly after CoinShares launched its first cryptocurrency ETP,....
CoinShares, a major European digital asset manager, recently published a significant report detailing the largest weekly outflows of crypto asset investment products on record. The data reveals that over $2.9 billion was withdrawn within the past week, pushing the three-week outflow total to $3.8 billion. This marks a sharp contrast to the prior 19-week inflow […]
Elwood is set to sell its blockchain-focused ETF index to CoinShares for $17 million. European digital asset manager CoinShares announced it is acquiring the exchange-traded fund (ETF) index business from crypto firm Elwood Technologies for $17 million. The transaction is expected to be completed in the second week of July, according to the announcement.Elwood — which is owned by billionaire hedge fund manager Alan Howard — is known for its partnership with Invesco to launch the Invesco Elwood Global Blockchain Equity UCITS ETF, or the Invesco Blockchain ETF in short. By providing exposure....
Major European digital asset investment firm CoinShares has launched its third physically-backed ETP in 2021. European digital asset manager CoinShares continues to actively expand its physically-backed cryptocurrency exchange-traded product offering with a new Litecoin (LTC) ETP.According to an April 6 announcement, CoinShares has launched its CoinShares Physical Litecoin.Listed under the ticker symbol LITE, each unit of the Litecoin ETP is backed with 0.2 LTC ($45) at launch, providing investors with passive exposure to the Litecoin network’s native asset. The new investment product will....