CoinShares Poised to Become Leading US Crypto ETF Provider with Valkyrie Acquisition
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CoinShares secures option to acquire Valkyrie's ETF business, marking a major expansion into the U.S. market.
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Valkyrie is known for its crypto exchange-traded funds and has applied for a Bitcoin ETF.
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SEC widely expected to approve a Bitcoin ETF, potentially by January 2023.
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CoinShares is Europe's leading digital asset management firm, overseeing over $3.2 billion.
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Acquisition contingent on approvals and due diligence, but positions CoinShares as a leader bridging Europe and the U.S. crypto markets.