STOCK TITAN

US - US STOCK NEWS

Welcome to our dedicated page for US news (Ticker: US), a resource for investors and traders seeking the latest updates and insights on US stock.

CoinShares International Limited (Nasdaq Stockholm: CS; US OTCQX: CNSRF) is the leading European investment company specializing in digital assets. Founded in 2013, the company offers a broad range of financial services across investment management, trading, and securities to a diverse set of clients, including corporations, financial institutions, and individuals.

CoinShares is committed to becoming the premier destination for institutions in the digital assets realm. The company recently launched its hedge fund division, CoinShares Hedge Fund Solutions, making its offerings accessible to qualified U.S. investors through a variety of private investment products. This marks CoinShares' expansion beyond its established European base, catering to the unique needs of each institution and facilitating the creation of a well-rounded and optimized crypto portfolio.

The acquisition of Valkyrie Funds LLC, a U.S.-based investment advisory business, is another significant step in CoinShares' expansion strategy. This move has increased CoinShares' assets under management to approximately $7.3 billion globally. The acquisition also signifies CoinShares' first venture into offering mainstream crypto passive products in the U.S. market.

CoinShares is led by a team of seasoned professionals with extensive experience in digital assets and traditional financial markets. Under the leadership of CEO Jean-Marie Mognetti, CoinShares has consistently demonstrated robust financial performance. The company reported its strongest quarter ever in Q1 2024, reflecting its continuous commitment to growth and excellence in operations.

Headquartered in Jersey, CoinShares operates offices in France, Sweden, Switzerland, the UK, and the US. The company is regulated by the Jersey Financial Services Commission, the Autorité des marchés financiers in France, and the Financial Industry Regulatory Authority in the US.

For more information, visit CoinShares.

Rhea-AI Summary

CoinShares International has appointed Lisa Avellini as Group General Counsel, effective November 4, 2024. Avellini joins from Balyasny Asset Management, where she managed global legal and compliance for the credit division. She previously worked at Citadel, providing strategic legal guidance on financial transactions and regulatory matters. In her new role, she will oversee all legal and regulatory matters for CoinShares globally, supporting the company's growth initiatives and providing strategic advice to the executive team.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
-
Rhea-AI Summary

CoinShares International announces the renaming of its recently acquired Valkyrie Funds products to CoinShares Valkyrie, effective October 31, 2024. This follows CoinShares' acquisition of Valkyrie Funds in March 2024. The rebranding affects three ETFs: the Bitcoin and Ether Strategy ETF, Bitcoin Futures Leveraged Strategy ETF, and Bitcoin Miners ETF, while maintaining their existing ticker symbols. The change is part of a transitional strategy to create a unified product lineup under the CoinShares brand by 2025, with no changes to the funds' investment objectives, strategies, or management.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
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).

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

CoinShares has successfully sold its FTX claim, achieving a recovery rate of 116%, netting £31.32 million on a £26.6 million claim. This agreement, subject to closing conditions, bolsters CoinShares' financial health, providing significant benefits for shareholders and clients. The increased financial flexibility will enable CoinShares to reinvest in growth opportunities and enhance its market position. Jean-Marie Mognetti, CEO, emphasized the positive impact of this recovery on shareholder rewards and future growth in the digital asset industry.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Leopard Asset Management (LAM) is calling on Sun shareholders to hold the company's management accountable for failing to increase shareholder value. LAM has highlighted Sun's undervaluation, primarily due to its significant holdings in Cellebrite (NASDAQ: CLBT), and other liquid assets.

Since LAM's campaign in March 2024, Sun's share price briefly increased by 23% but fell by 19% after a disappointing AGM agenda was released, indicating a lack of trust in management.

LAM urges shareholders to vote against CEO Ryusuke Utsumi and his team in the upcoming June 25 AGM, citing management's failure to take meaningful action to close the valuation gap.

Sun's shares are valued at ¥7,200 based on liquid assets, far above the current market price of ¥3,300, emphasizing the need for a change in leadership to realize the company's true value.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
Tags
none
-
Rhea-AI Summary

CoinShares reported its Q1 2024 results, marking its most successful quarter in history. The company experienced a 216% YoY increase in revenue, gains, and other income, reaching £43.9 million. Adjusted EBITDA rose over four times YoY to £34.2 million, and total comprehensive income surged over 11x YoY to £34.1 million.

Key highlights include the acquisition of Valkyrie's ETF business in March 2024, enhancing CoinShares' global presence. The Asset Management division saw strong inflows, particularly from CoinShares Physical. The Capital Markets & Hedge Fund Solutions division delivered strong top-line performance due to vibrant market activity and gains from staking and trading.

The Board approved a new dividend policy, with an annual dividend of 20%-40% of the Group's total comprehensive income.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.7%
Tags
Rhea-AI Summary

CoinShares International has published its 2023 Annual Report, showcasing a total revenue of £85.7 million, an adjusted EBITDA of £57.3 million, and a net asset position of £239.2 million as of December 31, 2023. The report highlights the firm's performance in asset management, capital markets, and hedge fund solutions, with a strategic focus on innovation, expansion, and market penetration.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
CoinShares International Limited completes the acquisition of Valkyrie Funds LLC, expanding its U.S. asset management presence and adding $530 million in assets under management. CoinShares plans to rebrand Valkyrie and leverage its ETF infrastructure for innovative product development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.21%
Tags
-
News
Rhea-AI Summary
CoinShares International Limited reports strong financial performance in Q4 2023, with EBITDA remaining robust.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
MainStreetChamber Holdings, Inc (MSCH US: OTC) has acquired a 45% equity interest in kathy ireland® Worldwide, including kathy ireland® Kids, Laundry, and Home categories. Kathy Ireland is a highly influential figure in the licensing business, being inducted into the International Licensing Hall of Fame and recognized by Forbes as one of the most influential women in the world.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags

FAQ

What is CoinShares International Limited?

CoinShares International Limited is a leading European investment company specializing in digital assets. It offers a broad range of financial services across investment management, trading, and securities.

What recent expansions has CoinShares made?

CoinShares recently launched its hedge fund division, CoinShares Hedge Fund Solutions, and acquired Valkyrie Funds LLC to expand its offerings to qualified U.S. investors.

Who leads CoinShares?

CoinShares is led by CEO Jean-Marie Mognetti, supported by a team of seasoned professionals with extensive experience in digital assets and traditional financial markets.

What are the financial achievements of CoinShares?

CoinShares reported its strongest quarter ever in Q1 2024, reflecting robust financial performance and continuous commitment to growth and operational excellence.

Where is CoinShares headquartered?

CoinShares is headquartered in Saint Helier, Jersey, with additional offices in France, Sweden, Switzerland, the UK, and the US.

What regulatory bodies oversee CoinShares?

CoinShares is regulated by the Jersey Financial Services Commission, the Autorité des marchés financiers in France, and the Financial Industry Regulatory Authority in the US.

What is CoinShares' focus in the digital asset market?

CoinShares focuses on delivering a diverse range of financial services, including investment management, trading, and securities, specifically within the digital asset market.

How can I learn more about CoinShares?

For more information, visit CoinShares' official website at https://coinshares.com.

What is the significance of Valkyrie Funds acquisition?

The acquisition of Valkyrie Funds LLC significantly accelerates CoinShares' expansion into the U.S. market, increasing its assets under management to approximately $7.3 billion globally.

How does CoinShares cater to institutional clients?

CoinShares offers a diverse range of products, including beta and alpha strategies, tailored to meet the unique needs of institutional clients, facilitating the creation of optimized crypto portfolios.

US

OTC:US

US Rankings

US Stock Data