CoinShares Expands Operations in the United States by Opening Bureau in New York City

CoinShares International (Nasdaq Stockholm: CS; US OTCQX: CNSRF), a leading European digital asset investment company, has opened a central office in New York City as part of its U.S. expansion strategy.

Rhea-AI Summary

CoinShares International (Nasdaq Stockholm: CS; US OTCQX: CNSRF), a leading European digital asset investment company, has opened a central office in New York City as part of its U.S. expansion strategy. This move follows the recent acquisition of Valkyrie Funds and the Sponsor rights to the CoinShares Valkyrie Bitcoin Fund. The company is actively recruiting for key roles in sales, marketing, operations, and compliance to support its U.S. growth.

CEO Jean-Marie Mognetti stated that this expansion highlights the growing significance of digital assets in the global financial ecosystem and solidifies CoinShares' position in the industry. Since entering the U.S. market, CoinShares has seen success, with its global assets under management (AUM) increasing to $5.5 billion. The company's portfolio includes notable ETFs like the CoinShares Valkyrie Bitcoin Fund ($BRRR) and the CoinShares Valkyrie Miners ETF ($WGMI).

Positive

• Opened a central office in New York City, strengthening presence in the world's largest financial market
• Actively recruiting for key roles to support U.S. expansion
• Global assets under management (AUM) increased to $5.5 billion
• Successful acquisition of Valkyrie Funds and Sponsor rights to CoinShares Valkyrie Bitcoin Fund

Negative

• None.

Argus Session date unavailable

+1.59% session move Open Argus

Details

News Market Reaction – CNSRF

The recorded move for CNSRF in the trading session of this news was +1.59%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

SAINT HELIER, Jersey, Oct. 22, 2024 /PRNewswire/ -- CoinShares International Limited ("CoinShares'' or "the Company") (Nasdaq Stockholm: CS; US OTCQX: CNSRF), the leading European investment company specializing in digital assets, today announced the establishment of a U.S. central office based in New York City, marking a significant step in its U.S. expansion strategy. The new office will strengthen the company's presence in the world's largest financial market. As a part of the growth initiative, CoinShares is actively recruiting for key roles in sales, marketing, operations, and compliance to support its commitment to scaling U.S. operations.

CoinShares' new U.S. location represents a key milestone in its expansion strategy, following the recent acquisition of Valkyrie Funds LLC, a premier digital asset manager known for its actively managed ETFs, and the Sponsor rights to the CoinShares Valkyrie Bitcoin Fund from Valkyrie Investment Inc. The New York City office will serve as the primary hub for U.S. operations, allowing the Company to deepen its relationships with American counterparties and support the company's growing client base across institutional and retail markets.

"The inauguration of our New York City Office marks a watershed moment in the Company's expansion into the U.S. market, highlighting the growing significance of digital assets within the global financial ecosystem," stated Jean-Marie Mognetti, Chief Executive Officer of CoinShares. "Our expansion in the U.S. not only augments our capacity for synergistic engagement with American stakeholders but also solidifies our position at the vanguard of the digital asset industry's evolution. This underscores our commitment to leadership and innovation in this rapidly transforming sector."

Since entering the U.S. market through the acquisition of Valkyrie, CoinShares has seen notable success, with its global assets under management (AUM) increasing to $5.5 billion. Valkyrie's portfolio of ETFs, including standout products like the CoinShares Valkyrie Bitcoin Fund ($BRRR) and the CoinShares Valkyrie Miners ETF ($WGMI), has significantly contributed to CoinShares' growth and established its foothold in the U.S. market.

ABOUT COINSHARES

CoinShares is the European leading investment company specializing in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com

PRESS CONTACT

CoinShares
Benoît Pellevoizin
bpellevoizin@coinshares.com

M Group Strategic Communications
Peter Padovano
press@coinshares.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/coinshares-expands-operations-in-the-united-states-by-opening-bureau-in-new-york-city-302282504.html

SOURCE CoinShares Group

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is CoinShares' recent expansion move in the United States?

CoinShares has opened a central office in New York City as part of its U.S. expansion strategy, marking a significant step in strengthening its presence in the world's largest financial market.

How has CoinShares' global AUM changed since entering the U.S. market?

Since entering the U.S. market through the acquisition of Valkyrie, CoinShares has seen its global assets under management (AUM) increase to $5.5 billion.

What are some of CoinShares' notable ETF products in the U.S. market?

CoinShares' notable ETF products in the U.S. market include the CoinShares Valkyrie Bitcoin Fund ($BRRR) and the CoinShares Valkyrie Miners ETF ($WGMI).

What is CoinShares' stock symbol on the US OTCQX?

CoinShares' stock symbol on the US OTCQX is CNSRF.