CoinShares, a prominent European asset manager, has announced a significant business combination agreement with Vine Hill Capital Investment, a publicly traded special purpose acquisition company (SPAC). This strategic move is expected to list CoinShares on the Nasdaq Stock Market in the US, enabling investors to directly participate in trading the company’s stocks and fueling its global expansion plans.
Expansion into the US Market
The agreement values CoinShares at $1.2 billion before the new investment, marking a substantial step in the company’s push into the US market. As a leading provider of crypto exchange-traded products (ETPs), CoinShares manages approximately $10 billion in assets, ranking fourth globally after BlackRock, Grayscale, and Fidelity. In Europe, the company holds a dominant market position with a 34% share of assets under management (AUM).
Capturing Demand in the Largest ETP Market
CoinShares’ co-founder and CEO, Jean-Marie Mognetti, emphasized that the transaction represents a significant transition for the company, aiming to accelerate its ambition for global leadership. By listing on the Nasdaq Stock Market, CoinShares seeks to capture demand in the world’s largest asset management market. Mognetti noted that the case for digital assets as an investment class and blockchain as a transformative technology has reached a decisive inflection point, and there is no going back.
Merger Details and Expected Outcomes
The merger is supported by a $50 million anchor investment from an institutional backer, providing CoinShares with fresh capital and broader access to US investors. The transaction, subject to regulatory and shareholder approvals, is expected to close later in 2025. Upon completion, CoinShares will be publicly listed on the Nasdaq Stock Market, allowing investors to directly participate in trading the company’s stocks.
According to CoinShares’ recent financial reports, the company posted $32.4 million in profits in the second quarter of 2025, with a 26% increase in its AUM to $3.46 billion. The company attributed its quarterly growth to the appreciation of Bitcoin (BTC) and Ether (ETH). For more information on this development, visit the original source: https://cointelegraph.com/news/coinshares-us-1-2b-merger-vine-hill?utm_source=rss_feed&utm_medium=rss_tag_bitcoin&utm_campaign=rss_partner_inbound
