According to PR Newswire, European digital asset investment company CoinShares International Limited announced that it has obtained an exclusive option to acquire Valkyrie Funds LLC from Valkyrie Investments Inc. Valkyrie Funds LLC is an investment advisory company of the US digital asset management company, specializing in actively managed cryptocurrency exchange-traded funds (ETFs). CoinShares' option to acquire Valkyrie Funds from Valkyrie Investments is effective from today until March 31, 2024.
As part of the acquisition option transaction, the two companies have finalized a brand licensing agreement. Throughout the option period, Valkyrie Investments has been granted a limited, revocable, global license to use the "CoinShares" name in its S-1 filings with the SEC. If the SEC approves the Valkyrie Bitcoin Fund, Valkyrie Investments plans to incorporate the CoinShares name, marking the first time CoinShares has offered mainstream crypto passive products in the U.S. market.
