Mentioned:
One of the largest asset management companies in crypto has just made their Wall Street debut.
What’s happening:
- Digital asset management company CoinShares (NASDAQ: CSHR) has successfully completed their business combination with Vine Hill Capital Investment and begun trading on the Nasdaq
By the numbers:
- CoinShares raised $50M USD in an equity financing round concurrently with their SPAC transaction with Vine Hill Capital Investment
Why it matters:
- CoinShares is one of the largest digital asset management companies in the world with more than $6B USD in total assets under management
Going deeper:
- CoinShares has listed multiple crypto focused Exchange Traded Products on the Nasdaq Stockholm, SIX Swiss Exchange and Euronext
- CoinShares’ Exchange Traded Products are available to individual and institutional investors in Italy, Austria, Spain, France, Denmark, Finland and Norway
The intrigue:
- British billionaire and co-founder of hedge fund Brevan Howard Asset Management Alan Howard is one of the early investors in CoinShares
