NEW YORK – CoinShares International Limited has announced its intention to acquire Valkyrie Funds LLC, just a day after Valkyrie's Bitcoin ETFs, including the Valkyrie Bitcoin Fund (BRRR), commenced trading on Nasdaq. This strategic move follows the United States Securities and Exchange Commission's (SEC) approval of Valkyrie's exchange-traded funds (ETFs).
The acquisition aims to bolster CoinShares' assets under management by incorporating funds such as BRRR and The Valkyrie Bitcoin Miners ETF (WGMI). However, the finalization of the deal is subject to the completion of due diligence, the execution of definitive legal agreements, and board consent.
During the transition period, Valkyrie Funds will continue to operate independently. If the deal proceeds as planned, it is expected to create a stronger foothold for CoinShares in the digital asset management space.
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