CoinShares, Europe’s largest asset manager specializing in cryptocurrencies and managing over $6 billion in assets, is now beginning to trade on the US Nasdaq exchange.
According to the official announcement, CoinShares will begin trading on Nasdaq today through a merger with the SPAC (Special Purpose Purchase Company) Vine Hill Capital Investment.
This merger resulted in the creation of a holding company called CoinShares PLC, with the trading code CSHR on the Nasdaq.
The statement also answered the question of why the US was chosen.
“CoinShares’ listing on Nasdaq places the company at the heart of the world’s largest and most liquid capital market, at a time when institutional adoption of digital assets is accelerating.”
The US market offers: 1) Easier access to the largest pool of institutional capital globally. 2) Proximity to regulatory and market standard developments shaping the future of corporate digital asset management.
Jean-Marie Mognetti, Co-Founder and CEO of CoinShares, stated: “Today, CoinShares is turning a new page. After building institutional-level digital asset infrastructure in Europe for over a decade, we are bringing that expertise to the world’s largest capital market. But this listing is not just a relocation… Our story begins with our listing in the US. It doesn’t end there.”
CoinShares ranks among the top four digital asset managers globally in terms of managed crypto ETP assets, alongside BlackRock, Fidelity, and Grayscale, and holds the top spot in Europe with approximately 34% market share. CoinShares reportedly currently manages 39 cryptocurrency ETPs.
*This is not investment advice.