Fun

News Feed - 2023-11-17 12:11:00

Brayden Lindrea5 hours agoCoinShares gets buying rights to Valkyrie’s crypto ETF unitThe deal comes as Bitcoin ETF applications in the U.S. are seemingly inching closer toward regulatory approval.1339 Total views33 Total sharesListen to article 0:00NewsJoin us on social networksEuropean digital asset manager CoinShares secured the exclusive option to acquire Valkyrie Funds, the exchange-traded fund (ETF) unit of its United States competitor, Valkyrie Investments, which includes the Valkyrie Bitcoin Fund awaiting U.S. approval.


CoinShares said on Nov. 17 that the move helps it expand to the U.S., which could soon become the epicenter for ETF offerings. The firm’s CEO, Jean-Marie Mognetti, added that he hopes the Valkyrie acquisition will help it capitalize on what is currently a fragmented global ETF market.


“The establishment of crypto spot ETPs in Europe since 2015, a development about to be mirrored in the U.S., is the perfect illustration,” said Mognetti. “This disparity in market evolution presents both challenges and significant opportunities.”Exciting update! @CoinSharesCo secures an option to acquire @ValkyrieFunds, uniting our strengths to create a global one-stop-shop in digital asset investments. This marks a strategic leap towards market leadership and bolsters our strong presence in the U.S.!… pic.twitter.com/0BPNGC518P— CoinShares (@CoinSharesCo) November 16, 2023


The option will remain active until March 31, 2024. For now, Valkyrie Funds will continue to operate as an independent entity until an acquisition by CoinShares is finalized.Big News! Valkyrie is set to join the @CoinSharesCo family! We"re thrilled about this partnership, uniting our U.S. market insights with CoinShares" global expertise. Together, we"re redefining digital asset investment in the U.S. and beyond!https://t.co/jiLOMIm8qR pic.twitter.com/s5URikl8Ci— Valkyrie (@ValkyrieFunds) November 16, 2023


The two crypto-centric firms also agreed on a brand licensing term where the CoinShares name would be used in future S-1 filings to the U.S. Securities and Exchange Commission — used to register a securities offering with the regulator when companies plan to go public.


Related:Bitcoin ETFs will drive institutional adoption in 2024 — Galaxy Digital’s Mike Novogratz


If the SEC approves the Valkyrie Bitcoin Fund, Valkyrie plans to incorporate the CoinShares name into the ETF.


Valkyrie filed for the spot Bitcoin (BTC) ETF on June 21, along with BlackRock and a host of other financial firms.


CoinShares, which oversees over $3.2 billion in assets under management, expressed its optimism toward the U.S. cryptocurrency ETF market in September and iterated that the economic powerhouse isn’t lagging on digital asset regulation.


Magazine:Bitcoin ETF optimist and Worldcoin skeptic Gracy Chen: Hall of Flame# Bitcoin# Business# Europe# SEC# ETF# Adoption# United States# CoinSharesAdd reactionAdd reactionRead moreExpect some crypto companies to fail in the wake of Bitcoin"s halvingBoosting blockchain adoption by keeping tech on the back endWhat happened in crypto this weekend?

News Feed

Jonathan DeYoung11 hours agoThe Agenda podcast predicts the future of crypto and talks adoptionOn Episode 20 of The Agenda, hosts Ray Salmond and Jonathan DeYoung interview each other about their blockchain journeys, the
FBI Warns of Fake Crypto Apps — 244 Investors Defrauded, $42.7 Million Lost
FBI Warns of Fake Crypto Apps — 244 Investors Defrauded, $42.7 Million Lost The Federal Bureau of Investigation (FBI) has issued a warning about fake cryptocurrency apps defraudi
Amaka Nwaokocha14 hours agoAI tool revolutionizes brain tumor treatment by guiding surgeons: StudyAlthough the tool’s accuracy may not match current genetic tests, it can swiftly predict a tumor’s profile.3383 Total
Will Shiba Inu Reclaim $0.000012? SHIB Eyes Retest After Key Support Breakdown
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin Spot ETFs Score $1.81 Billion In Net Inflows As Market Revival Continues
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
William Suberg20 hours agoBitcoin nears pre-halving ‘target zone’ toward $50K BTC priceBTC price action has yet to match one Bitcoin trader’s long-term target, but “patience is key,” he says nearly one year lat
An Ethereum and Web3-Compatible Sidechain Is Coming to Bitcoin Cash
An Ethereum and Web3-Compatible Sidechain Is Coming to Bitcoin Cash On March 2, 2021, the average fee on the Ethereum network costs around 0.0083 ETH in gas or a
Latest West Africa Art Fair Features NFTs, Organizers Highlight Importance of Blockchain
Latest West Africa Art Fair Features NFTs, Organizers Highlight Importance of Blockchain The organizers of Art X Lagos, a West Africa art exhibition, recently kickstarted a non-fun
History of Crypto: Crippling inflation, rising debt, and the evolving crypto landscape
Brayden Lindrea9 hours agoHistory of Crypto: Crippling inflation, rising debt, and the evolving crypto landscapeThe 2022–2023 period saw several bad actors wiped from the cryptocurrency industry, none bigger than FTX
US Lawmaker Calls on SEC to Issue Crypto Regulations — Says ‘a Formal Regulatory Process Is Needed Now’
US Lawmaker Calls on SEC to Issue Crypto Regulations — Says "a Formal Regulatory Process Is Needed Now" A U.S. senator has called on the Securities and Exchange Commission (SEC)
Mad Money Jim Cramer on BTC Price Surge: ‘I Would Sell My Bitcoin Right Into This Rally’
Mad Money Jim Cramer on BTC Price Surge: "I Would Sell My Bitcoin Right Into This Rally" The host of Mad Money, Jim Cramer, says he would still sell bitcoin despite the failures of
German Authorities Can’t Access Bitcoins Worth $65 Million ‘Seized’ From Hacker
German Authorities Can"t Access Bitcoins Worth $65 Million "Seized" From Hacker German authorities have been unable to gain access to more than 1,700 bitcoins be