Home / Business and Economy / European Crypto Firm CoinShares Expands to U.S. in $1.2B SPAC Deal
European Crypto Firm CoinShares Expands to U.S. in $1.2B SPAC Deal
9 Sep
Summary
- CoinShares, a leading European digital asset manager, to go public on Nasdaq
- Merger with SPAC Vine Hill Capital Investment values CoinShares at $1.2 billion
- CoinShares manages $10 billion in assets, including 32 crypto ETPs
In a significant move, CoinShares, one of Europe's largest digital asset managers, has announced plans to go public in the United States. The company has entered into a $1.2 billion merger agreement with Vine Hill Capital Investment Corp (VCIC), a Nasdaq-listed special purpose acquisition company (SPAC).
The deal will shift CoinShares' listing from the Stockholm stock exchange to the Nasdaq in New York, opening up access to the vast U.S. capital markets and investor base. CoinShares, which currently manages around $10 billion in assets, offers a suite of 32 crypto exchange-traded products (ETPs) covering Bitcoin, Ethereum, Solana, and other digital tokens.
According to CoinShares' Chief Executive Jean-Marie Mognetti, the move reflects a "turning point for digital assets as U.S. regulation provides more clarity." The company aims to reinforce its credibility and expand its reach through the U.S. listing.
For U.S. investors, the transaction could mean greater access to a diverse range of crypto-linked investment products from a manager that has grown its assets by more than 200% over the last two years. CoinShares has also reported a strong 76% adjusted EBITDA margin in the first half of 2025, indicating robust profitability compared to its peers.
The deal, which has been approved by the boards of both companies, is expected to close by the end of 2025, pending regulatory and shareholder approvals. If completed, CoinShares will trade on Nasdaq under a new parent company, Odysseus Holdings Limited.
