CoinShares Exercises Option to Buy Bitcoin ETF Provider Valkyrie to Add U.S. Arm
CoinShares said the decision is a direct result of the SEC’s approval of the listing of a spot bitcoin ETF.
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CoinShares said the decision is a direct result of the SEC’s approval of the listing of a spot bitcoin ETF.
The option, which expires at the end of March, gives the company a foothold in the U.S. ETF market as speculation whirls around the approval of a spot bitcoin product.
Coinbase had showed recent interest in acquiring FTX Europe. (Claudio Schwarz/Unsplash)
CEO Mike Belshe said he sees consolidation in the crypto custody sector in the next six months.
Prime Trust has been losing clients and deposits to competitors for weeks amid mounting concerns over its business, a source at one former client told CoinDesk.