BroadChain has learned that European crypto asset manager CoinShares will begin trading on Nasdaq under the ticker CSHR starting April 1. This follows its merger with Vine Hill Capital's special purpose acquisition company (SPAC).
The deal values the combined entity at approximately $1.2 billion, which includes a $50 million investment from institutional investors.
Founded 12 years ago, CoinShares manages around $6 billion in assets. The firm caters to both institutional and retail investors with a range of structured investment products and funds, including the CoinShares Bitcoin ETF listed in the United States.
Jean-Marie Mognetti, Co-Founder and CEO of CoinShares, noted that the U.S. market currently accounts for a small share of the firm's assets under management. He stated that this Nasdaq listing will enable the company to accelerate its expansion in the U.S. market through equity financing.