European crypto asset manager CoinShares is set to go public on the Nasdaq in a deal with Vine Hill Capital Investment Corp. that values the company at $1.2 billion. Managing approximately $10 billion in assets, CoinShares operates primarily in crypto exchange-traded funds (ETFs). Once the transaction is completed, CoinShares stock will transition from the Nasdaq Stockholm to the U.S. market, allowing the firm to enhance its global leadership ambitions amidst a favorable regulatory environment. CEO Jean-Marie Mognetti emphasized that this move signifies more than just a change in listing venue, as it aligns with the company's strategy for growth. CoinShares is the latest in a series of crypto firms to seek public listings in the U.S., as the market warms to digital asset companies under the current administration. Other firms, including Bullish and Circle, have also made recent moves towards public listing, reflecting a broader trend of institutional investment and regulatory adaptation in the crypto landscape.

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