CoinShares, a European crypto investment firm, is set to acquire Valkyrie Funds, its US competitor, following the approval of Valkyrie's Bitcoin ETF by the US Securities and Exchange Commission. 🤩
The move aims to extend CoinShares' success in Europe to the US market and compete in the spot Bitcoin ETF space. The acquisition is pending due diligence and board approval, expected to be completed by March 31, 2024. 🤑
This reflects a trend of consolidation between European and US crypto firms as the interest in spot crypto ETFs grows. 💯
