Coinshares To Go Public In U.s. Through 1.2b Spac Deal With Vine Hill

CoinShares is going public in the U.S. via a 1.2 billion SPAC merger with Vine Hill Capital Investment Corp.

The listing will shift from Sweden to Nasdaq, giving CoinShares access to U.S. capital markets.

The firm already manages 10 billion in ETPs and holds a 34 market share across EMEA.

CoinShares is making its boldest move yet. The European asset manager, already the largest in digital assets across EMEA, is preparing to go public in the United States through a 1.2 billion merger with Vine Hill Capital Investment Corp. VCIC.

The deal shifts its listing from Sweden to New York, putting CoinShares in front of the worlds biggest capital market. It also highlights how digital asset managers are stepping out of niche markets and entering mainstream finance.

CoinShares will soon trade on Nasdaq under a new parent company, Odysseus Holdings Limited. For a firm that already manages 10 billion in exchange-traded products, the move feels like a natural progression.