CoinShares Exercises Option to Acquire Valkyrie: U.S. Bitcoin ETF Issuer

CoinShares exercises option to acquire Valkyrie’s crypto unit

European cryptocurrency investment firm CoinShares is taking steps to acquire Valkyrie Funds, a competitor in the United States market that also offers a spot Bitcoin exchange-traded fund (ETF). CoinShares confirmed on January 12 that it has exercised its strategic option to acquire Valkyrie, as part of its efforts to expand into the U.S. market. While the terms of the deal were not disclosed, a representative for CoinShares stated that the move was a logical step for the company to become a leading global investment company specializing in digital assets.