CoinShares to acquire Valkyrie Funds.

CoinShares, a crypto-focused investment firm, agreed to acquire Valkyrie Funds, a digital asset manager's investment advisory business. Financial terms were not disclosed. "Since our inception in 2014, CoinShares has consistently led the European digital asset industry, setting benchmarks for transparency and investor protection with its regulated digital asset products. Our expertise has enabled us to dominate the European market, commanding over 40% of all assets under management in crypto ETPs. Exercising our option to acquire Valkyrie Funds aims at extending our European success in the U.S, offering unparalleled access to regulated digital asset products to American investors. This expansion is a clear statement of our appetite for acquisition to support our ambition to be a global leader in the digital asset space," Jean-Marie Mognetti, CoinShares CEO.