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NEW YORK – CoinShares International Limited announced plans to acquire Valkyrie Funds LLC, just one day after Valkyrie Bitcoin ETFs, including the Valkyrie Bitcoin Fund (BRRR), began trading on Nasdaq. This strategic move follows the Securities and Exchange Commission’s (SEC) approval of Valkyrie’s exchange-traded funds (ETFs).
The acquisition aims to strengthen CoinShares’ assets under management by incorporating funds such as BRRR and The Valkyrie Bitcoin Miners ETF (WGMI). The completion of the transaction is, however, subject to the completion of due diligence, the execution of final legal agreements and the approval of the board of directors.
During the transition period, the Valkyrie funds will continue to operate independently. If the transaction goes as planned, it should allow CoinShares to establish itself more firmly in the digital asset management sector.
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