ChainCatcher news, according to official sources, digital asset investment company CoinShares has announced the completion of its acquisition of Valkyrie Funds LLC ("Valkyrie") ETF business, while CoinShares will also acquire the investment advisory business of Valkyrie Investments Inc. ("Valkyrie Investments"), as well as obtain the sponsorship rights for the Valkyrie Bitcoin spot ETF BRRR.It is reported that CoinShares plans to leverage Valkyrie's ETF infrastructure to develop its U.S. asset management business, with a clear focus on product innovation and market differentiation. This acquisition is expected to bring CoinShares an additional $530 million in assets under management.

ChainCatcher news, European digital asset investment company CoinShares announced on social media that it has exercised its option to acquire the American digital asset management company Valkyrie Funds LLC, whose spot Bitcoin ETF (Valkyrie Bitcoin Fund) was approved this week.Previously, European digital asset investment company CoinShares announced that it had obtained exclusive options to acquire the American digital asset management company Valkyrie Funds, which is the investment consulting division of Valkyrie Investments, focusing on operating actively managed cryptocurrency ETFs. CoinShares' acquisition option is effective immediately and will expire on March 31, 2024.