CoinShares is set to publicly list in the US via a $1.2 billion merger with Vine Hill Capital, a SPAC. This agreement marks a notable shift as CoinShares aims to expand its presence in the US market, offering investors direct access to its stocks. The merger reflects a strategic move to tap into the world’s largest asset management market, as stated by CEO Jean-Marie Mognetti. CoinShares, a prominent European asset manager with approximately $10 billion in assets, ranks as the fourth-largest crypto ETP provider globally. It recently reported a growth in assets under management (AUM), pointing to an overall 26% increase due largely to rising Bitcoin and Ethereum prices. The merger will provide a $50 million investment from an institutional backer, bolstering CoinShares' capital and improving its investment outreach. Subject to regulatory approval, this merger is projected to complete later in 2025.

Source 🔗